cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Experienced Member

How could we record inventory via Journal entries? I mean, not just as "inventory" account, but we'd like to register them using the "Products and Services" function.

 
1 Comment
QuickBooks Team

Re: How could we record inventory via Journal entries? I mean, not just as "inventory" account, b...

It's important to maintain the right balance in your stocks, maya2.

 

The inventory tracking in QuickBooks Online helps you track the quantity, sales revenue, and cost of good sold of your products. 

 

Creating journal entries will not increase, decrease, or adjust the quantity on-hand of an inventory item.

 

You'll want to use the inventory function by enabling it.

 

Here's how:

  1. Click the Gear icon located in the upper right-hand corner. 
  2. Under Your Company, click Account and Settings.
  3. On the left panel, click Sales.
  4. Go to Products and services and click it to expand.
  5. Check the Show Product/Service column on sales forms box.
  6. Click Save.

I'm also adding this article for reference on how to set up Inventory tracking.

 

Let me know if you have additional questions about inventory in QuickBooks. Have a great day!