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670605214
Level 2

Returnable Inventory Items

Our manufacturing company sells juice to wineries and uses 60 gallon barrels and 275 gallon ibc's to deliver the juice to our customers.  These containers are listed as inventory parts.  We sell the barrels at $40 a barrel and sell the ibc's at $90 an ibc.  Our customers can receive those amounts back that were charged to them if they are returned cleaned and with the plugs.  My current issue is keeping an accurate inventory count on these containers because I'm unable to create another inventory part listed as container returns because you cannot create an inventory part with a negative price.  Currently these returned containers are listed as different line items as other charges.  So when a container is returned it is not added back to that container item listed as inventory part and there is no accumulation of the returns under the other charges item lists.  How can I make this work where all the containers (Inventory reduced when sold) and returned containers (Inventory added back when returned) are accumulating as one item so I can have an accurate count on inventory for our containers in QB? 

2 Comments 2
Archie_B
QuickBooks Team

Returnable Inventory Items

Thank you for providing us details, 670605214.

 

I'd like to share what I know about inventory in QuickBooks Desktop.

 

You do have couple of options to manage these inventory items. You can set to enable Inventory and purchase order are active, this will give you options on how you want to manage your inventory based on your business needs.

 

Here's how to turn it on:

 

  1. Go to Edit menu.
  2. Choose Preferences.
  3. Select Items & Inventory in the left side window.
  4. Go to Company Preferences tab.
  5. Click to put a checkmark on Inventory and purchase order are active.

 

I've also included these article to learn more about managing your inventory items:

 

 

Post your concerns or click the reply button for any follow-up questions about inventory. I'm always here to help. Enjoy your weekend.

Fiat Lux - ASIA
Level 15

Returnable Inventory Items

@670605214 

Consider having a 3rd party inventory management app with the return management feature.

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