How to record so called Free Gifts With Purchases and Bonus Items in QuickBooks. IE we install kickstands on bicycles without them and dont charge extra for them

Hello there, Dave.

Once you create an invoice, your inventory will be reduced according to the quantity that you've used in the sales transaction. These two are directly proportional to each other. 

To successfully track inventory and know more about how QuickBooks handles inventory assets, please check out this article: Understand inventory assets and cost of goods sold tracking.

I'd also suggest reaching out to your accountant so you'll be guided further on what other options to record free gifts.

Don't hesitate to leave a comment below if you have any other questions. We're always here to help.

@tourightbicycle

You're definitely asking the question correctly.  There are a lot of ways to go here and it depends on if you use QB Desktop as your point-of-sale (POS) and how you track inventory (periodic or perpetual).  My suggestion is if you never sell the kickstands individually, and the dollar amount we're talking about is immaterial, just expense them when you buy them.  If you don't want to go that route, let me know what you use as your POS system and I can try and give you further guidance.

Thanks!

I will continue ot simply expense them as a sub account of Shop Supplies. I was just hoping that there was an easier or quicker way to go about doing it.