It would be my pleasure to help you with inventory tracking, @Anonymous.
When an inventory item shows a zero asset value, it means you have no items in stock. To get the asset value, multiply the rate by Quantity on Hand.
Two most popular methods for adjusting inventory quantity: An Inventory Quantity Adjustment, or a Purchase Order (that becomes that bill or expense). Make sure to enter the quantity ordered and the cost. That is what stocks the item with qty and cost.
You can reorder anything that’s running low or out of stock. To quickly create a purchase order:
- Select Sales and then Products and Services.
- Select Low Stock or Out of stock. If you need to reorder both low stock and out of stock products from the same supplier, don’t use any of the filters at the top.
- Select Batch actions, then Reorder. This creates a purchase order for a single supplier.
- Complete all the details of the purchase order, or add other items you need to reorder from the supplier.
- Select Save and send.
For additional references about managing inventory in QBO, check out these articles:
Should you have other questions or concerns about managing your inventory in QuickBooks Online, don't hesitate to drop a comment below. I'm always available here to help. Have a wonderful day.
