NO the feature is NOW available in Intuit's QuickBooks Enterprise (v23) Accountant
here is how to turn it on and manage it: i did have pictures but it wont let me attach in this comment ><
Using the new Expiration Date feature
The new Expiration Date feature is only available to subscribers within the US and Canada of QuickBooks Enterprise Platinum, Diamond and Enterprise Accountant.
Activating the Feature
To activate the new Expiration Date feature:
- Log in to your QuickBooks Company file as the Admin user in Single-user mode
- From the Edit menu, select Preferences
- In the Preferences, choose Items & Inventory
- Open the Company Preferences and click Advanced Inventory Settings (shown below)
- Open the Lot/Serial Numbers & Expiration Dates tab
- Check-mark the Activate Expiration Date preference
- Choose how you wish to Show expiration dates for each option
- Choose how you wish to be notified about Expiration Dates in Sales Transactions
Note: If you use site/bin tracking, "do not" activate Expiration Date tracking, the feature currently is not working in the initial release.
Creating Purchase Transactions with Expiration Dates
Obviously, the next step in your workflow of tracking expiration dates is to add expiration dates to inventory items with serial or lot numbers during receiving/purchase. You will not know expiration dates in most cases until you receive products into your stock.
So I'm going to take you through those steps:
- From the Receiving Inventory drop-down, select Receive Inventory (with/without a Bill, as appropriate); we assume this is without a Bill.
- On the Item Receipt, select the Vendor from the drop-down.
- Select YES to receive against an open Purchase Order.
- Choose the correct Purchase Order, then select OK.
- The Line Items will populate from the Purchase Order; review them line by line against the receiving information. In our case, we are recording Serial Numbers for each quantity received.
- Click on the Serial Number drop-down to enter the Serial Numbers number's; notice the new Expiration Date field adjoining the Serial Number field (shown below).
- Enter the Serial Numbers for each of the receiving quantities of the Item.
- Enter the Expiration Date corresponding to each Serial Number.
- Click OK when you have entered all Serial Numbers and Expiration Dates (the count must equal your line item quantity).
- Repeat for each line item in your Item Receipt with Serial Numbers and Expiration Dates (if an item does not have expiration dates, the expiration date column will not be active in the serial number window).
- When you have finished recording all line items, be sure to Save & Close the Item Receipt.
Note: If you are using Lot tracking rather than Serial-number tracking, the process almost is identical, except you will enter a single expiration date corresponding to each entire lot you receive. Every lot can have different expiration dates, but no single lot can have multiple expiration dates.
Checking Expiration Dates Of Sales Items
The third use of the new expiration date feature is to check or view the expiration date of serial or lot numbers for items during sales transactions.
Below is an example of how I used an item with an Expiration Date in the distant future in a Sales Receipt, and everything worked just fine:
But you really need the ability to verify you are never selling something outside the expiration date. Does the new feature really work for that? "Not yet, in my opinion." —Murph
I tried another Sales Receipt example in which I intentionally set an item with an expiration date the day before the date I knew I would be trying to sell it. Again, the Sales Receipt processed normally despite the expiration date being exceeded, and QuickBooks picked this serial number because I had chosen the autofill option. This is a problem.
One reason it is a problem is because there is not a warning. There needs to be a 'Pop-up' that says Expiration Date Exceeded (or something like that).
This is especially true if you use the option to autofill from existing inventory when selecting Serial (or Lot) Numbers because the expiration dates default automatically.
The second reason it is a problem is that QuickBooks should make you select an alternative Serial (or Lot) number with an Expiration Date that is not expired. Furthermore, if you are using autofill, then QuickBooks should select a Serial (or Lot) number with a valid Expiration Date and skip any/all expired serial (lot) numbers.
While the new Expiration Date tracking feature within QuickBooks Enterprise v23 has a few bugs in this early release, it is a great new functionality that's been needed to bolster the inventory capabilities of Enterprise for the mid-market.
I am confident that the Advanced Inventory Team working on this feature can resolve these minor issues quickly, and also provide the additional reporting users need to offer Expiration Date quality controls within the upcoming maintenance release cycles. (Murph)
I believe the Advanced Inventory Team working on this new feature understands the importance of Expiration Dates. I am confident that these are issues that can be easily resolved and will be forthcoming in a future maintenance (R) release.
Reporting on Expiration Dates of Serial/Lot Numbers for Inventory Items
Below is an example of a Serial Numbers in Stock Report with Serial Numbers included on the Report. Unfortunately, the only way you can currently view the expiration dates is to click on the Item's Serial Numbers while viewing the Report to open the Quick View window, which will provide the Expiration Dates
I am aware that the team working on this functionality understands the need for additional reports using this new Expiration Date feature, including a specific Expiring Products Report, and will be working to make other feature-related reports available in upcoming maintenance (R) releases
.png){kind=link}