How do I account for Intercompany inventory transfers?

Hi @Jml0105 , it must be one company sells to the other company. Because if just transfer, one company gonna be expensed and another granted gonna be granted (no money exchange). Comment back, cheers.

Hello, 

Yes, not money exchanged only merchandise. 

Jml0105

So if I have five locations (multi store app) that move inventory from store to store by transfers how does the cost of the inventory get moved from one location to other?  There has to be a way to credit the sending store and bill the receiving store. 

Thank you,

donna200

Good day, @donna200.

Tracking inventory stored at different locations or sites is currently available in QuickBooks Desktop Enterprise. If you're using QuickBooks Enterprise, you'll have to turn on the feature to enable it.

Once done, you'll have first to set up the inventory sites. This way, QuickBooks will know where to locate specific inventories. Here's how:

1. Go to the Lists menu then choose Inventory Site List.

2. Select the Inventory Site button then click New.

3. Enter the needed information such as the name, description, site contact, etc.

4. Click OK once done.

5. Repeat Steps 1 to 3 to set up all the other sites.

You may also refer to this article for more information on how to track inventory in QuickBooks Desktop Enterprise or you can directly visit this site to learn more about advanced inventory.

Furthermore, here is an awesome help article that you can read to aid you if you've got more QuickBooks concerns, such as running your reports, setting up payments and online banking, etc. This way, you'll have better options on how to manage your business well.

Please know that I'm here when you need any help. Take care and have a splendid day!