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rascalcurt
Level 1

Does anyone know how to add inventory in Quickbooks Online. My worker is stuck, I'm not the one actually doing it but could get more of his details. help?

For tax reasons we need to put inventory in, to be pulled in an invoice. We did it with Desktop all the time, but he is obviously hitting some issue. Could it be we are on the one license version of quickbooks
3 Comments 3
JenoP
Moderator

Does anyone know how to add inventory in Quickbooks Online. My worker is stuck, I'm not the one actually doing it but could get more of his details. help?

I'd be glad to help with your question about adding inventories, rascalcurt.

 

Can you also tell us what happens when the worker tried to add the item? Please take note that adding inventory products is currently offered in QuickBooks Online Plus and Advanced. I

 

f you're using Essentials and Simple Start, you can upgrade your subscription to activate the feature. Here's an article as as your guide: Upgrade Your QuickBooks Online Subscription.

 

If you already have Plus and Advanced, follow these steps on how to turn on the inventory feature:

 

  1. Go to Gear or Settings ⚙ icon and select Account and settings.
  2. Proceed to the Sales tab.
  3. Click Edit ✎ in the Products and services section.
  4. Turn on Show Product/Service column on sales forms.
  5. You can also turn on price rules if you want to set up flexible pricing for the things you sell.
  6. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
  7. Click Save and click Done.

 

Once done, you can proceed to these steps on how to add the inventory items:

 

  1. Go back to the Gear icon, then select Products and Services.
  2. Select New or Add a product or service. Then select Inventory.
  3. Add all other required details.
  4. Click Save and close

 

Let me share these articles as well for additional guidance and reference:

 

 

Please add a reply below or submit another question if you need more help when working in QuickBooks Online. 

Fiat Lux - ASIA
Level 15

Does anyone know how to add inventory in Quickbooks Online. My worker is stuck, I'm not the one actually doing it but could get more of his details. help?

 

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kgResortWear
Level 2

Does anyone know how to add inventory in Quickbooks Online. My worker is stuck, I'm not the one actually doing it but could get more of his details. help?

If you are using the PLUS version or higher, make sure inventory tracking is turned ON. (This is done in the Sales area of Accounts and Settings)

 

Once inventory tracking is ON, each SKU can be added to an invoice as needed.  Before entering the quantity, hover over the quantity column on the invoice to be sure the amount you enter is less than or equal to the quantity on hand (this prevents you from driving the balance negative).

 

I am guessing you are doing this to zero out your year-end inventory as a tax strategy.  If so, I would also check the IRS best practices to make certain your approach falls within the current guidelines.

 

Best,

Kevin

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