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:
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.
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.
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