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On the stock status report by item I am shown - "on Hand"; "For Assembly"; "Available". The stock valuation only applies to "On Hand". What does "For inventory" mean?
Hello there, ossien2.
I want to ensure I can provide the best resolution to your concern. However, I just need to gather more details to help me get on the same page.
May I know the QuickBooks edition and version you're using? Can you send a screenshot of the report to get a clearer view of the issue?
I'll be on the lookout for your response. Thank you in advance, ossien2.
There was a typo in the original message. I am concerned with "for assemblies" not for inventory. The "for assemblies" figure is added to the "On Hand" figure for a total "Available" count. However, the stock valuation only values the "On Hand" amount.
I am therefore not clear on what the "For Assemblies" figure means and whether I should do anything with it. Note that for some assembly products, there is a zero "For Assemblies" Value.
I am using Premier and Manufacturing 2019
Thanks for adding more information about your concern in the report, ossien2.
The For Assembly column in the Inventory Stock Status by Item report in QuickBooks Desktop (QBDT) shows the number of inventory items reserved for assembling finished goods. These are components or raw materials awaiting incorporation into final products, aiding manufacturers in inventory management and production planning.
Furthermore, the total shown in the For Assembly column matches your Pending Build report. You can compare items by running the Pending Build report.
Here's how:
Additionally, here are some articles that you can read to help efficiently track inventory in QuickBooks:
Fill me in if you need further help managing inventory reports in QuickBooks. I'll be happy to lend a helping hand. Stay safe!
Thanks. What I do not understand is why such a figure appears for some items that are finished goods assemblies and not for others. And there are no pending builds. Therefore I would not expect any of the finished goods assemblies to show a figure for "For assemblies).
Your explanation makes sense to me in respect of raw materials, but not finished goods assemblies.
I would like to understand the source of the numbers so that I could make any adjustments that should be necessary.
Let me explain why this is happening and help you fix this, Ossien2.
What shows up on the For Assemblies column is what appears in your Pending Builds report. Therefore, if you don't have items in your Pending Build report, the For Assemblies column should show zero on the field. You'll want to run the Pending Builds reports and customize the date into All to show all the items. To do so, follow the steps below:
However, if there are still discrepancies like it still showing items on the report but showing zero on the assemblies, let's perform the verify and rebuild tool to find out the integrity of your data and be able to fix them so it shows the correct information. Check out this article for more details: Verify and Rebuild Data in QuickBooks Desktop.
Furthermore, learn how to adjust the quantity or total value of your products in QuickBooks Desktop. I've added this for your reference: Adjust Your Inventory Quantity or Value in QuickBooks Desktop.
Keep us posted if you have any other concerns about inventory or assemblies. We're always here to help you all the time.
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