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I am starting a new painting division of my remodeling company. I have never stocked up materials at all, but now with the painting company, I will be prepurchasing in bulk things like paint rollers, plastic, cleaners, primer, etc...
I have always assigned all COGS to particular customers as I enter them, but now I won't have a customer to assign them to as I purchase in bulk. How do I enter them, the reassign them as I use them?
Welcome to the Community, @Café655.
Let me share some information about tracking materials in QuickBooks Online.
In QuickBooks Online, you can have the option to add inventory without assigning them to your customers. It allows you to enter information such as the onhand stocks, assigning an expense and income account, etc.
First, make sure you turn on inventory tracking:
Once done, you can add the materials to your inventory. Here's how:
You can also visit the Can I track inventory manually in QuickBooks Online? article for some information about tracking the value of your inventory assets manually.
Additionally, here are some helpful references that you can check to learn more about tracking inventory effectively, as well as how to get alerts for low or out of stock:
Drop me a comment below if you have any other questions. I'll be more than happy to help. Wishing you a good one.
Thank you for your help!
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