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accountsorbis
Level 1

Stock Journal

How to do stock transfer?

I have 10 different raw product and I am selling 100 blended (Finished Product) product with combination of this 10 raw product. How can I make the inventory management is QuickBooks online version ?

2 Comments 2
Catherine_B
QuickBooks Team

Stock Journal

I can walk you through adding your items and grouping them, accountsorbis.

 

You can create and keep track of your products in QuickBooks Online Plus. If you haven't yet, you can follow the steps below on how to turn on the inventory tracking option. 

 

  1. Go to the Gear icon and select Account and Settings.
  2. Select Sales from the left menu and select the Products and services section.
  3. Check the Show Product/Service column on sales forms box.
  4. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
  5. Select Save and then Done.

To start creating an item, here's how:

 

  1. Click Sales from the menu and go to the Product and Services tab. 
  2. At the upper-right, click New and select the type of product.
  3. Create each raw material first.
  4. Enter the needed information.
  5. Click Save and close.

Then, create a bundle to combine or group them. For transferring your stock, I'd suggest reaching out to an accountant so they can advise your which transaction and account to use. 

 

Feel free to click this article for more details set up and track your inventory in QuickBooks Online

 

I'll be around the corner to keep an eye on your reply. So just mention me and I'll ready to help. Tale care!

Fiat Lux - ASIA
Level 15

Stock Journal

@accountsorbis 

QBO doesn't have any assembly feature to manage raw materials and finished goods. Consider having an additional app to do so.