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Allmer
Level 2

Settting up of Inventory

I just set up a new company in QuickBooks Desktop Pro 2020 and I'm trying to set up inventories. I have been able to set up Services but unable to set up Stock Items. Inventory part not showing in the drop down of Type. How can i resolve this issue. Thanks.

 

 

Solved
Best answer June 08, 2020

Best Answers
ChristieAnn
QuickBooks Team

Settting up of Inventory

Hi there, Allmer.

 

Thank you for posting here in QuickBooks Community. I'm glad to know you're using the QuickBooks Desktop Pro 2020 for help with running your business.

 

I'll provide steps on how to resolve your issue to show the Inventory part in the drop-down Type.

 

I suggest enabling the Inventory feature first from the Preferences page so you can start tracking the list of products.

 

Here's how:

 

  1. Go to the Edit tab and select Preferences.
  2. Choose Items & Inventory, then click on Company Preferences.
  3. Put a checkmark on the Inventory and purchase orders are active box.
  4. Hit OK.

 

Once done, start setting up the inventory items you are selling in the Item List window.

 

Here's how:

 

  1. From the Lists tab, choose the Item list.
  2. Right-click anywhere and press New or Ctrl+N.
  3. In the Type drop-down arrow, select Inventory Part.
  4. In the Item Name/Number field, enter the name of the item.
  5. Select an Income Account for your sales.
  6. Enter the quantity in the On Hand field.
  7. Complete other fields, as needed, and click OK.

 

Now, you're ready to record your sold products. Perform the steps on how to do it:

 

  1. In the Customers tab, select Create Invoices or Enter Sales Receipts.
  2. Select a Customer and enter the purchased product in the Item column.
  3. Add the quantity to decrease the inventory. 
  4. Press Save and Close.

 

Please check this article to see steps on how to adjust the quantity or total value of your products in QuickBooks Desktop: Adjust your inventory quantity or value in QuickBooks Desktop.

 

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

View solution in original post

3 Comments 3
ChristieAnn
QuickBooks Team

Settting up of Inventory

Hi there, Allmer.

 

Thank you for posting here in QuickBooks Community. I'm glad to know you're using the QuickBooks Desktop Pro 2020 for help with running your business.

 

I'll provide steps on how to resolve your issue to show the Inventory part in the drop-down Type.

 

I suggest enabling the Inventory feature first from the Preferences page so you can start tracking the list of products.

 

Here's how:

 

  1. Go to the Edit tab and select Preferences.
  2. Choose Items & Inventory, then click on Company Preferences.
  3. Put a checkmark on the Inventory and purchase orders are active box.
  4. Hit OK.

 

Once done, start setting up the inventory items you are selling in the Item List window.

 

Here's how:

 

  1. From the Lists tab, choose the Item list.
  2. Right-click anywhere and press New or Ctrl+N.
  3. In the Type drop-down arrow, select Inventory Part.
  4. In the Item Name/Number field, enter the name of the item.
  5. Select an Income Account for your sales.
  6. Enter the quantity in the On Hand field.
  7. Complete other fields, as needed, and click OK.

 

Now, you're ready to record your sold products. Perform the steps on how to do it:

 

  1. In the Customers tab, select Create Invoices or Enter Sales Receipts.
  2. Select a Customer and enter the purchased product in the Item column.
  3. Add the quantity to decrease the inventory. 
  4. Press Save and Close.

 

Please check this article to see steps on how to adjust the quantity or total value of your products in QuickBooks Desktop: Adjust your inventory quantity or value in QuickBooks Desktop.

 

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

Allmer
Level 2

Settting up of Inventory

Hi ChristieAnn,

Thanks for your response. 

The guide really help me to get it done.

Thanks so much.

Regard.

Tori B
QuickBooks Team

Settting up of Inventory

Hey there, @Allmer

 

Happy to see that we were able to lend a helping hand in getting you back to business. 

 

You can always reach out to us here in the Community anytime you need assistance. We've got your back. Take care and enjoy the rest of your day! 

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