cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Want an expert to help you set up your QuickBooks Online? Find out how: Click here
skin-skinlaserce
Level 1

Does anyone know if QB online offer an option of having an internal inventory? Different than the one used for POS or products that I use? I need an inventory for raw mat

We have grown and I would like to have a system so keep account of supplies we need for business operation and know when it is time to re-order.
2 Comments 2
Rasa-LilaM
QuickBooks Team

Does anyone know if QB online offer an option of having an internal inventory? Different than the one used for POS or products that I use? I need an inventory for raw mat

It's nice to see you in the Community today, skin-skinlaserce.

 

We're glad to know that you're interested in using QuickBooks Online (QBO) to track your items.  Allow me to shed some light on the inventory feature.

 

QuickBooks helps keep an accurate record of your raw material inventory levels and allows you to maintain a centralized database of all the items. With the inventory feature, you'll get alerts when it’s time to restock and input the following details: Item name, description, quantity on hand, unit of measure, and cost per unit.

 

Please know that the function is only available in QuickBooks Online (QBO) Plus. Thus, you'll have to upgrade your subscription to start tracking your inventory.

 

If you're using the version stated above, let's head to the Account and Settings page to turn on the feature. Here's how:

 

  1. Go to the Gear icon in the upper right ⚙ and choose Account and settings.
  2. Head to the Sales menu on the left panel and click Edit ✎ in the Products and services section.
  3. Turn on Show Product/Service column on sales forms.
  4. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
  5. Click Save and Done.

 

Next, enter the raw materials and set the Reorder point function to know when items are running low. For detailed instructions, check out this article: Set up and track your inventory in QuickBooks Online. Then, perform Steps 2 up to 4.

 

This reference provides in-depth information on how to manage your inventory and compute the raw materials: What is Raw Materials Inventory and How to Calculate It.

 

Browse these resources to learn more about inventory cost accounting and which reports you can use to check the status and performance of the inventory:

 

 

Keep in touch if you have any clarifications or additional questions on how to handle your products or services. I'll get back to assist you further. Have a great day ahead. 

4Gal
Level 11

Does anyone know if QB online offer an option of having an internal inventory? Different than the one used for POS or products that I use? I need an inventory for raw mat

@skin-skinlaserce 

Are you running a manufacturing company or workshop? You need a 3rd party app to integrate with QBO. Otherwise, you can use QB Desktop Premier with the assembly feature and you can manage your raw material status.