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userosker727
Level 1

Can i add rental inventory?

 
3 Comments 3
MichelleBh
Moderator

Can i add rental inventory?

Hi, @userosker727.

 

Yes, you're able to add a rental inventory in QuickBooks Online. It's my pleasure to present complete instructions on how to fulfill this. 

 

If this is your first time setting up an inventory, let's turn on the feature first. Let me guide you how: 

 

  1. Go to Settings ⚙, then select Account and Settings.
  2. Pick the Sales tab.
  3. Hit Edit ✎ in the Products and Services section.
  4. Turn on Show Product/Service column on sales forms.
  5. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
  6. Tap Save, then hit Done.

 

After that, let's add the inventory products. Here's how: 

 

  1. On the left panel, hover your mouse on Sales, and choose Product and Services.
  2. Click on New.
  3. Choose Inventory, then complete the required information. 
  4. Tap Save and close

 

For more details, check out this article: Add inventory products in QuickBooks Online.

 

Once the setup is all good, you can now track them when they sell, either create invoices or sales receipts

 

  • Generate invoice if the customer's paid later
  • Add sales receipts if the clients paid on the spot.

 

Last is to process tenant's payments, then deposit them to the correct account. 

 

Also, you can always access any reports to review the payments and transactions of your tenants. Then customize it to show the specific details. 

 

 

For more information, check out this page: Use reports to see your sales and inventory status

 

Please browse these articles below on how to reorder items, change type, and other topics. 

 

 

Please reach out to me again if you have further questions. I've got your back and am always happy to help.

Fiat Lux - ASIA
Level 15

Can i add rental inventory?

@userosker727 

Consider having a rental management app to integrate with your QBO account.

AdelieLogistics
Level 1

Can i add rental inventory?

userosker727, I realize this post is a few months old but I wanted to chime in for your and other's sake who may find this thread. Right now there is not a good, straightforward way to track "rental" inventory directly within QuickBooks online or QuickBooks desktop. For this reason precisely, my team and I created Adelie Logistics. It's a QuickBooks app that uses your QuickBooks invoices to determine rental inventory for any given date now or in the future. You can check out our website at https://adelielogistics.com to learn more or find us on QuickBooks Apps. Hope this helps.

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