Inventory

Your toolbox is not part of the inventory. You can use a workshop management app.

Hello there, @windigital.

I'll help you track inventory for borrowed items in QuickBooks Online.

You can create an invoice for the borrowed items then create a credit memo once returned.

Before doing so, add the items in inventory one by one with 0 amount. Then, add them as a bundle. For categorization, you can consult an accountant. If you don't have one, you can click this link: Find an accountant.

Once done, you can add the mechanic as a customer. Then, create an invoice for that customer.

After they return the item, you can add a credit note for the same customer. If there are items not returned, do not enter the bundle. Add only the items returned.

Here's how:

1. Go to +New.
2. Choose Credit note.
3. Choose the Customer name
4. Add the items returned.
5. Click Save and close.

You can read these articles to learn more about managing inventory:

• Set up and track your inventory in QuickBooks Online.
• Use reports to see your sales and inventory status.

Feel free to comment below if you have questions managing inventory in QuickBooks Online. I'm always here to help. Have a great day.