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azzamreezkygroup
Level 1

If our business have multiple different product/services under different brand. How?

 
1 Comment 1
Rasa-LilaM
QuickBooks Team

If our business have multiple different product/services under different brand. How?

It's nice to see you in the Community today, azzamreezkygroup.

 

Managing multiple products or services under different brands is crucial for keeping your real-life transactions in sync with QuickBooks Online (QBO). Let me assist you on how to accurately record them in your company.

 

First, ensure you have the Plus version to access the inventory function. If not, you'll need to upgrade your QuickBooks plan. Otherwise, you'll have to upgrade your QuickBooks plan to use the feature. 

 

When you're ready, let's proceed and turn on the inventory function. Here's how:

 

  1. In your company, navigate to the Gear icon and select Account and settings.
  2. Head to the Sales tab and choose Edit✎​ in the Products and services section.
  3. Turn on the Show Product/Service column on sales forms.
  4. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
  5. Click the Save and Done button.

Next, add the products/services. Then, activate the class tracking option. Simply follow these steps:

  1. In your company, navigate to the Gear icon and select Account and settings.
  2. Go to the Advanced menu on the left panel and choose the Categories section to edit.
  3. Turn on the Track classes switch and select Warn me when a transaction isn't assigned a class. This is optional, but it means that when you look at reports, you know everything's been classified.
  4. Under Assign classes, choose One to entire transaction or One to each row in transaction.*
  5. Press the Save and Done button.

Now, let's set up your brands one at a time in QBO. For detailed instructions, proceed directly to Step 2 in this article: Turn on class tracking in QuickBooks Online.

 

Once you set up all your inventory products, track them when they sell by creating an invoice or sales receipt. Also, you can save time and assign a class to transactions.

 

 With QBO, you can easily generate reports to track your most popular products, inventory levels, and the cost of goods. Discover more insights by following this link: Use reports to see your sales and inventory status.

 

Feel free to browse through these articles or save them for future reference if you require more information on managing inventories in the online program:

Don't hesitate to click the Reply button if you have additional questions about tracking your products/services and other inventory concerns. I'll get back to make sure to provide the information you need. Have a great rest of the day, azzamreezkygroup.