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Tooling Inventory

My client wants to track their inventory of disposable tools in QB Enterprise Manufacturing so they can monitor reorder points. Do they need to set it up as an inventory part or is there a better solution?

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Best answer March 19, 2020

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QuickBooks Team

Tooling Inventory

Yes, they need to set it up as an inventory part, TC11.

 

QuickBooks has everything you need to better manage your inventory. Since the option to monitor the reorder point is only available in the inventory feature, we'll have to set it up as an inventory part. In addition, the program also has the option of adding non-inventory items for tracking purposes. I'll be guiding you in doing the whole process:

  1. Select Edit from the top menu bar, then choose Preferences.
  2. Click Items & Inventory, then select the Company Preferences tab.
  3. Tick the box next to Inventory and purchase orders are active to enable inventory tracking, then hit OK.
  4. Select Items & Services on the Home window, click the Item button and then select New.
  5. Select Inventory Part from the Type drop-down menu.
  6. Enter the name of the inventory item in the Item Name/Number text box.
  7. Click the Income Account drop-down menu, then select the account you want to use to track income from this inventory item.
  8. Fill in the remaining information on the form as needed (don't forget to enter the reorder point).
  9. Hit OK when you're done.

Once done, QuickBooks will automatically notify you when the quantity of that certain item is running low.

 

By the way, QuickBooks Desktop Enterprise also allows you to set up multiple locations for tracking inventory. You can read this article for more details: Multiple Inventory Sites.

 

I'll be right here to continue helping if you have any other concerns or further questions about this topic. Stay safe and healthy TC11!

View solution in original post

1 Comment 1
Highlighted
QuickBooks Team

Tooling Inventory

Yes, they need to set it up as an inventory part, TC11.

 

QuickBooks has everything you need to better manage your inventory. Since the option to monitor the reorder point is only available in the inventory feature, we'll have to set it up as an inventory part. In addition, the program also has the option of adding non-inventory items for tracking purposes. I'll be guiding you in doing the whole process:

  1. Select Edit from the top menu bar, then choose Preferences.
  2. Click Items & Inventory, then select the Company Preferences tab.
  3. Tick the box next to Inventory and purchase orders are active to enable inventory tracking, then hit OK.
  4. Select Items & Services on the Home window, click the Item button and then select New.
  5. Select Inventory Part from the Type drop-down menu.
  6. Enter the name of the inventory item in the Item Name/Number text box.
  7. Click the Income Account drop-down menu, then select the account you want to use to track income from this inventory item.
  8. Fill in the remaining information on the form as needed (don't forget to enter the reorder point).
  9. Hit OK when you're done.

Once done, QuickBooks will automatically notify you when the quantity of that certain item is running low.

 

By the way, QuickBooks Desktop Enterprise also allows you to set up multiple locations for tracking inventory. You can read this article for more details: Multiple Inventory Sites.

 

I'll be right here to continue helping if you have any other concerns or further questions about this topic. Stay safe and healthy TC11!

View solution in original post

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