Manage inventory and projects topics https://quickbooks.intuit.com/learn-support/manage-inventory-and-projects/misc/02/manage-inventory-and-projects-ca Manage inventory and projects topics Sat, 24 Aug 2019 09:23:45 GMT manage-inventory-and-projects-ca 2019-08-24T09:23:45Z Receive inventory https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/receive-inventory/01/261626#M24 You can receive inventory with or without a bill in QuickBooks Desktop after you record a purchase order. Recording the inventory received and the corresponding bill, if given, updates the quantity on hand for each item and the payable to the supplier. Receive inventory with a bill Use this option if you received the items and the corresponding bill/s for them. From the Home page, select Receive Inventory drop-down and choose Receive Inventory with Bill. On the Enter Bills window that appears: From the drop-down, choose the supplier name. Select Yes to receive a purchase order for the bill. Choose  the correct PO and select OK. Review the information on the Bill. Note that except for the Memo field, any fields that were filled in on the PO are carried over to the Bill. Select Save & Close. When you're ready to pay the bill, proceed to Pay Bills. Receive inventory without a bill Use this option if you received the items but the supplier did not provide the bill yet. This will create an Item Receipt which increases your inventory asset account and accounts payable. From the Home screen, select the Receive Inventory drop-down and choose Receive Inventory without a bill. On the Item receipt window that appears: From the drop-down, choose the supplier name. Select Yes to receive a ... Fri, 16 Aug 2019 23:29:39 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/receive-inventory/01/261626#M24 QuickBooksHelp 2019-08-16T23:29:39Z Understand Inventory Assets and COGS tracking https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/understand-inventory-assets-and-cogs-tracking/01/261496#M23 To successfully track inventory, you need to understand how QuickBooks handles inventory assets, average cost and Cost of Goods Sold (COGS). Learn how to compute for the average cost and know which report will help with inventory management in this article. Inventory Accounts When you set up your first inventory item in your Inventory List, QuickBooks automatically adds two accounts to your company file's Chart of Accounts: 12100 - Inventory Asset - Other Current Asset 50000 - Cost of Goods Sold (COGS) - Cost of Goods Sold In addition, each inventory item requires an income account. You are not required to use either of the automatically set up accounts. You can set up your own accounts or subaccounts. Note: If either of these account numbers is already in use, QuickBooks will assign the next available number to the new accounts. Inventory Assets When you purchase an inventory item, your Bill, Cheque or Credit Card Charge will debit the Item's Inventory Asset account and credit your A/P, bank or credit card account. It is not debited to an expense account because (1) it is an asset that you can sell for future benefit and (2) you record the expense to match the income. The best way to track your inventory purchases is to run the Inventory Valuation Summary/Detail reports for a... Thu, 22 Aug 2019 18:20:18 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/understand-inventory-assets-and-cogs-tracking/01/261496#M23 QuickBooksHelp 2019-08-22T18:20:18Z Turn off Advanced Inventory https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-off-advanced-inventory/01/261494#M21 If you decide that you no longer need a particular feature of Advanced Inventory, you can turn it off and still use other Advanced Inventory features. To completely turn off Advanced Inventory, you need to turn off every feature that you're currently using. To do this task 1. From Edit menu, choose Preferences. 2. Select Items & Inventory, then Company Preferences tab. 3. Select the Advanced Inventory Settings button. 4. Turn off each feature that you're currently using: • Multiple Inventory Locations Unmark the checkbox to clear the Multiple Location Inventory. If you decide to turn off Multiple Inventory Locations, QuickBooks will: • Maintain all the site-related data you've entered, though you won't be able to see it. • Hide all site-related columns, fields, and reports from the QuickBooks interface. • Stop assigning inventory-related transactions to any site. If you turn the preference back on, then you must • Assign a temporary site to all inventory-related transactions entered since you turned the preference off. • Transfer the inventory from that temporary site to the actual sites (we'll walk you through these steps). Then you can continue tracking inventory at multiple locations the way you did before turning the feature off. • Serial/Lot numbers 1. Select the Serial/L... Fri, 23 Aug 2019 17:12:02 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-off-advanced-inventory/01/261494#M21 QuickBooksHelp 2019-08-23T17:12:02Z Create an estimate https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-an-estimate/01/262239#M20 Estimate in QuickBooks Desktop is used to create a bid, proposal, or quote. The estimate can later be turned into a sales order or an invoice. These are the steps on how to create an estimate. To create an estimate, you need to make sure the Estimates feature is turned on. Sign in to the QuickBooks company file as Admin. From the QuickBooks Edit menu, select Preferences. On the left pane, choose Jobs & Estimates then go to the Company Preferences tab. Select Yes to the question "Do you create estimates?" Select OK. Create an estimate: From the QuickBooks Home screen or on the Customers menu, select Estimates / Create Estimates. On the Customer: Job drop-down, select a customer or customer job. If the customer or job is not on the list yet, you can click Add New. Fill in the relevant information at the top of the form like the Date and Estimate #. In the detail area, select the item(s) you propose to do or include as a sale. Note: When you select or add an item, the description and amount are automatically populated based on the description and unit cost entered when the item was set up. You can delete or modify this when creating Estimates. (Optional) If you want to apply a discount, you need to create a discount item. From the QuickBooks Lists menu, choose Item List. Right cl... Fri, 23 Aug 2019 17:12:11 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-an-estimate/01/262239#M20 QuickBooksHelp 2019-08-23T17:12:11Z Delete transactions by batch using Batch Delete/Void Transactions https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/delete-transactions-by-batch-using-batch-delete-void/01/261632#M19 The Batch Delete/Void Transactions utility (BDT) allows you to quickly and securely delete or void transactions by batch within QuickBooks Desktop. This article will guide you how to use the tool by enumerating its parts and functions and by walking you through the process itself. Important The utility is only available in QuickBooks Desktop Accountant 2017, Enterprise and Enterprise Accountant 17.0, and later versions. Only the Admin and the External Accountant users can access the utility. The Batch Delete/Void Transactions utility does not support multi-currency. The Batch Delete/Void Transactions utility Its parts and functions Select common transaction types You can choose what Transaction Type appears on the Available Transactions list. This includes transactions such as bill payment cheques, bill refunds, bill credits, refund cheques, and finance charges. Show/hide linked or voided transactions When Show linked transactions is selected, any transaction attached to another transaction (i.e. an invoice paid with a payment) will appear in the Available Transactions list under the Linked Trns column. When Show voided transactions is selected, any transaction marked as voided will appear in the Available Transactions list. Filter transactions To filter transactions showing o... Tue, 20 Aug 2019 15:42:11 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/delete-transactions-by-batch-using-batch-delete-void/01/261632#M19 QuickBooksHelp 2019-08-20T15:42:11Z Negative inventory causes issues in your company data file https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/negative-inventory-causes-issues-in-your-company-data-file/01/261623#M18 This article explains negative inventory - its possible causes as well as it effects on your company file. It also outlines steps to fix issues arising from negative inventory. Negative Inventory overview Negative Inventory is caused by entering sales transactions before entering the corresponding purchase transactions, i.e., you sell inventory items that you do not have in stock. When you sell items that you have entered into your company file You purchase items using the Items Tab on an item receipt, bill, check or a credit card charge, debiting inventory and crediting A/P, Cash, or Credit Card Payable. You sell items on invoices or on sales receipts, but never more items than you have on hand. The sales transaction actually records two transactions: The Sales/Receivable transaction, debiting A/R and crediting Sales The Inventory/COGS transaction, crediting Inventory and debiting COGS. You run P&L and expense reports which show the invoices and sales receipts because they record both the income and the expenses. You run B/S reports which show item receipts, bills, checks and credit card charges because they record increases in inventory and they show invoices and sales receipts because they record the decreases in inventory. When you sell items that you have NOT entered into... Mon, 19 Aug 2019 18:27:56 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/negative-inventory-causes-issues-in-your-company-data-file/01/261623#M18 QuickBooksHelp 2019-08-19T18:27:56Z Pack tab in Sales Order Fulfillment https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/pack-tab-in-sales-order-fulfillment/01/262252#M17 Pick, Pack, and Ship is a new product enhancement feature in QuickBooks Enterprise 19.0 that fulfills orders with high accuracy and low operational costs. This enhancement dismisses latency in warehouse updates with its offline order update capability between warehouse and office (QuickBooks user). Pack Tab Once orders have been picked, they need to be packed. The Pack tab lets you select one or more sales orders to be packed for shipping . Note: Only sales orders that have already been partially or completely picked can be sent for packing. The Pack tab can be skipped. If the process does not require packing, you can move directly to the shipping process. Start the pack process From the Customers menu, go to Sales Order Fulfillment Worksheet. On the Dashboard, choose the sales orders to be packed, then select Send for Packing in the Action drop-down. On the Packer column, select the packer from your list (if desired). Select Send to device to pass the packing list to the warehouse's scanner or phone. On your worker's mobile device, scan the packing list that needs to be fulfilled and to be included in the package. Select Create Package after following the associated prompts. Press Done to finalize the entry, then tap Finish to send the completed packing list back to QuickBook... Mon, 19 Aug 2019 23:22:26 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/pack-tab-in-sales-order-fulfillment/01/262252#M17 QuickBooksHelp 2019-08-19T23:22:26Z Turn on Advanced Inventory https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-on-advanced-inventory/01/261686#M16 If you are using QuickBooks Desktop Enterprise, you can purchase or subscribe to Advanced Inventory which enables you to use: FIFO costing Multiple location inventory Bar code scanning Bin or lot tracking Serial or lot numbers Sales order fulfillment process (Site Operations) To Turn on Advanced Inventory: From the Edit menu, select Preferences. On the left pane, choose Items & Inventory then go to the Company Preferences tab. Check the Inventory and Purchase Orders are Active box. Select the Advanced Inventory Settings button. If the button is greyed out even though you have purchased the feature, you will need to sync license data online so that QuickBooks recognizes it. In QuickBooks, choose Help > Manage my License > Sync License Data Online. Check that Advanced Inventory Settings is no longer greyed out. Close and re-open the QuickBooks program. In case of sync failure If Syncing fails on some but not all computers, there may be system-specific problems. Follow these troubleshooting steps. Note: These steps are for the Windows operating system, which is not an Intuit product. They can become complex if errors occur while repairing or uninstalling .Net Framework. If you are not comfortable doing these steps on your own, Intuit recommends you consult with your computer's ma... Thu, 18 Jul 2019 14:53:00 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-on-advanced-inventory/01/261686#M16 QuickBooksHelp 2019-07-18T14:53:00Z Accountant Tools: Troubleshoot inventory https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accountant-tools-troubleshoot-inventory/01/261431#M15 Overview Note: The following information applies only to QuickBooks Accountant and QuickBooks Enterprise Solutions. The Troubleshoot Inventory tool contains several views of potential inventory problems. By changing which items are shown and the inventory criteria, you can see the items in the way that best suits the client's company. After the inventory list is shown, you can Quick Zoom to an inventory item and correct any errors. The status column between the End Qty and Neg Qty? column indicates any irregularities in the inventory, such as negative quantities or items that are out of balance. Symbol Description ● The green circle indicates that there is no negative inventory for this item. ⚠ The yellow warning triangle indicates that there is negative inventory for this item. Set the display dates The default value for the To and From dates is the review period. You can change the dates as needed. After changing the To date, use the tab key or click anywhere else on the screen to refresh the display. These dates only apply to the beginning quantity, bought, sold, adjustment, ending quantity, and negative quantity columns. Note: If the entered From date is later than the To date, CDR automatically makes the earlier date the From date and the later date the To date. Change th... Tue, 20 Aug 2019 22:14:48 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accountant-tools-troubleshoot-inventory/01/261431#M15 QuickBooksHelp 2019-08-20T22:14:48Z Create, build, and work with inventory assembly items https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-build-and-work-with-inventory-assembly-items/01/262266#M14 Manage your Inventory efficiently by creating and building Inventory Assembly item, which can be a combination of inventory part items and/or sub-assemblies into a single item. Add your Inventory Assembly item An Inventory Assembly item is one type of line items used when creating a sale or purchase form. Creating and adding assembly items to inventory is a two-step process: First, define the Bill of Materials (BOM) to specify what components go into making the assembly item, then build a quantity of the assembly item so QuickBooks Desktop can deduct the component parts from the inventory and add new quantities of the assembled item. Note: As soon as you build an assembly item, its component parts no longer exist as separate parts in inventory because they have become part of a new inventory item called an inventory assembly. After assembly items are defined, they are added to inventory by "building" them. An assembly build is necessary to keep inventory quantities accurate. Note: Each time an assembly item is built in QuickBooks Desktop, the inventory parts and other assembly items (sub-assemblies) in the BOM are deducted from inventory, and the quantity of the assembly item increases. Group item vs inventory assembly item Group items and inventory assembly items are similar ... Thu, 18 Jul 2019 19:46:45 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-build-and-work-with-inventory-assembly-items/01/262266#M14 QuickBooksHelp 2019-07-18T19:46:45Z Accounts Receivable workflows in QuickBooks Desktop https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accounts-receivable-workflows-in-quickbooks-desktop/01/262509#M13 Learn about different Accounts Receivable (A/R) workflows in QuickBooks Desktop. What is Accounts Receivable? The record of money owed to your business for goods or services; that is, invoices for which your business hasn't received payment yet. Accounts Receivable is called A/R for short. (Even though the word "accounts" is plural, QuickBooks uses a single account on the chart of accounts to track all outstanding invoices.) Other terms for Accounts receivable are Notes and Collectibles. What is QuickBooks Accounts Receivable account? An account that QuickBooks automatically adds to your chart of accounts the first time you write an invoice. QuickBooks uses this account to track the money owed to your business. When you write an invoice or receive a payment from a customer, QuickBooks records the transaction in the register for your Accounts Receivable account. Your Chart of Accounts lists the type of this account as "Accounts Receivable." If you need to use more than one of this type of account in your business, you can add additional "accounts receivable" accounts to the chart. When you have more than one accounts receivable account, QuickBooks lets you choose the account you want to use when you write an invoice or enter a customer payment. It is important to record A/R tra... Fri, 23 Aug 2019 22:54:07 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accounts-receivable-workflows-in-quickbooks-desktop/01/262509#M13 QuickBooksHelp 2019-08-23T22:54:07Z How to set up Inventory tracking https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/how-to-set-up-inventory-tracking/01/262018#M12 Set up Inventory tracking in QuickBooks Online Plus to help you track  quantity, sales revenue, and cost of goods sold. Enabling this feature gives you the extra time to focus on your business. Inventory tracking: What you need to know The value of an inventory item in your books is the amount you paid for it. Recording the purchase of an inventory item increases the value of Inventory Asset account on your Balance Sheet report by the cost of the item and increases the Quantity on Hand units for that item. Recording the sale of an inventory item decreases the value of Inventory Asset account by the original cost of the item and decreases the Quantity on Hand units for that item. Recording this sale also increases the Cost of Goods Sold account (COGS) by the original cost of the item and increases the Sales of Product Income account by the amount your customer paid you for the item. The difference between the income amount and the COGS amount is your gross profit on that item. At times, you may pay more for some units of a given product than for other units due to price fluctuations. When this happens, QuickBooks Online uses a method called First In First Out (FIFO) to manage the cost accounting as you sell units of that product. Four Types of Inventory Items to Track QuickBook... Fri, 02 Aug 2019 16:29:30 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/how-to-set-up-inventory-tracking/01/262018#M12 QuickBooksHelp 2019-08-02T16:29:30Z Create, edit, or delete memorized transactions https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-edit-or-delete-memorized-transactions/01/261589#M11 Learn how to automate or get reminders for transactions that occur often, like monthly bills or recurring invoices. Never miss a transaction again. Let QuickBooks "memorize" a recurring transaction to get a reminder every time it's due. Or have QuickBooks automatically enter the transaction instead to save admin time. Create a memorized transaction Enter the transaction the way you want it memorized, but do not select Save. Note: If certain fields contain information that may change, leave those fields blank. For example, you can leave the Memo field blank on a recurring cheque so you can enter a different memo for each cheque. From the Edit menu, select Memorize [Transaction]. Enter a Name for the memorized transaction, then choose how you want QuickBooks to handle the transaction. Add to my Reminders List: The transaction will be added to the Memorized Transactions section of your Reminders list. When you choose this option, fill in the How Often field. Do Not Remind Me: The transaction will not be added to your Reminders list or added automatically. You can use this as an "as needed" template for transactions that repeat from time to time. Automate Transaction Entry: The transaction will be automatically entered once it's due. When you choose this option, remember to fill i... Wed, 07 Aug 2019 10:50:38 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-edit-or-delete-memorized-transactions/01/261589#M11 QuickBooksHelp 2019-08-07T10:50:38Z Create a purchase order https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-a-purchase-order/01/262522#M9 Learn how to enter a purchase order in QuickBooks Desktop. Use purchase orders to tell suppliers what you want to order. Track the items you order and receive, and know what expenses are coming up. Create a purchase order in QuickBooks If you haven't already, turn on purchase orders. How to turn on purchase orders in QuickBooks Desktop Go to the Edit menu and select Preferences. Select Items & Inventory and then the Company Preferences tab. Select the Inventory and purchase orders are active checkbox. Select OK. Go to the Suppliers menu and select Create Purchase Orders. In the Supplier drop-down, select the supplier you'd like to create a purchase order for. You can also select Add New to add a new supplier. Fill out the rest of the fields, and add the items you'd like to order. Select Save & Close. Tip: Purchase orders are a part of the Accounts Payable (A/P) workflow. Learn how to turn a purchase order into a bill. And find out about the A/P workflow in QuickBooks. Thu, 22 Aug 2019 00:22:26 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-a-purchase-order/01/262522#M9 QuickBooksHelp 2019-08-22T00:22:26Z Set up Advanced Inventory https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-advanced-inventory/01/262527#M8 When you turn on Advanced Inventory, you can track inventory stored at different sites or locations. For example, you might store inventory at different warehouses, in multiple trucks, in different areas within a warehouse, at consignment locations or at outside manufacturers. To make sure your quantity on hand by site is accurate, you need to set up Advanced Inventory correctly. Note: You MUST turn on Advanced Inventory before proceeding. Follow the steps in Turn on Advanced Inventory to do so. Step 1: Set up inventory sites The first step to track multiple inventory sites is to tell QuickBooks Desktop where you track inventory. These locations are called sites. Sites can be actual warehouses with different addresses, trucks, piles, staging areas, or any other locations—large or small—where you want to track inventory quantities. To do this task: From the Lists menu, select Inventory Site List. Select the Site button, then New. Enter the appropriate information. Repeat Steps 1 to 3 until all your sites are set up. When you have completed this step, you can proceed to Step 2 if you are switching from a different method of tracking multiple inventory sites or Step 3 if you need to set reorder points for each site. Otherwise, proceed to Step 4. Step 2: Convert from your previous... Wed, 21 Aug 2019 17:50:12 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-advanced-inventory/01/262527#M8 QuickBooksHelp 2019-08-21T17:50:12Z Tracking job costs in QuickBooks Desktop https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/tracking-job-costs-in-quickbooks-desktop/01/261588#M6 Job costing means tracking the expenses for a job and comparing those expenses to your revenue. With QuickBooks Desktop's job costing tools, you can see how much money you spend and make for each job. Follow the steps below to make sure that you have an accurate record of your job costs. Make sure to set up each item with enough info. The level of detail in your Item List will determine the preciseness of your job cost reports. Learn how to add, edit and delete items in QuickBooks Desktop. Step 1: Set up a Customer:Job for each of your job Even if you have only one job for a particular customer,  set up an individual job for that customer. This enables you to keep track of your income and expenses on a job-by-job basis, and can simplify your bookkeeping if you add another job for that customer in the future. If you have previously recorded transactions to the Customer, QuickBooks moves those transactions into Job 1 when you create a new job. Step 2: Set up your items to optimize for job costing Make sure to set up each item with enough information. The level of detail in your Item List will determine the preciseness of your job cost reports. Learn how to add, edit, and delete items. Step 3: Assign all your expenses to jobs To get a complete job cost picture, make sure to assig... Mon, 19 Aug 2019 20:06:22 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/tracking-job-costs-in-quickbooks-desktop/01/261588#M6 QuickBooksHelp 2019-08-19T20:06:22Z Set up and use the Projects feature https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-and-use-the-projects-feature/01/262433#M4 Learn how to use Projects to track project income, expenses, and profitability. This is available for QuickBooks Online Plus and Accountant. The Projects feature helps you stay organized and track all the moving parts. You can add project income and expenses, tag old transactions to new projects, and run project-specific reports from a single dashboard. This makes it easy to manage your work and see your progress. Here’s how to set up Projects. Once you’re set up, learn how to use the project cost and profitability tools to do “job costing.” Step 1: Turn on Projects If you haven’t already, turn on the Projects feature. Select Settings ⚙, then select Account and Settings. Go to the Advanced tab. Find the Projects section. Select it to expand it. Select the Organize all job-related activity in one place box. Select Save. Then close your settings. The Projects menu now appears in the main navigation bar. Step 2: Create your first project Select the Projects menu. Select New project. Give your project a memorable name. Select the customer you’re working for from the drop-down menu. Add any notes or details about the project. Add tasks if desired. Select Save. You’ll see your list of projects grow as your business takes on more work. Step 3: Add project income and expenses Now that... Fri, 23 Aug 2019 22:06:44 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-and-use-the-projects-feature/01/262433#M4 QuickBooksHelp 2019-08-23T22:06:44Z Can I track inventory manually? https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/can-i-track-inventory-manually/01/262498#M3 You can track the value of your inventory assets manually in QuickBooks Online following the steps below. Note: If you're using QuickBooks Online Plus, you can use the built-in inventory feature instead of tracking inventory manually. See inventory links and resources. Create an account to track your inventory value Select the Gear icon at the top, then Chart of Accounts. Select New. Select Current assets from the Account Type drop-down. Select Other current assets from the Detail Type drop-down. (Optional) Input a unique Name (system default will be Other current assets), Description, Default Tax Code, and Balance for the account. Select Save and Close. If desired, you can create an account for each type of inventory. For example, if you sell used cars and motorcycles, you'd create an account for cars and another for motorcycles. Create an account to track your cost of goods sold Select the Gear icon at the top, then Chart of Accounts. Select New. Select Cost of Goods Sold from the Account Type drop-down. Select the closest type of Cost of Goods Sold that matches your situation from the Detail Type drop-down. If you're not sure, use Other Costs of Service - COS. (Optional) Input a unique Name, Description, and Default Tax Code for the Cost of Goods Sold item. Select Save and ... Fri, 19 Jul 2019 20:15:29 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/can-i-track-inventory-manually/01/262498#M3 QuickBooksHelp 2019-07-19T20:15:29Z Set up inventory after conversion https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-inventory-after-conversion/01/262553#M1 Learn how to set up inventory after converting from QuickBooks Desktop to QuickBooks Online. Buying and selling products after you move from QuickBooks Desktop to QuickBooks Online impacts inventory numbers. So it’s important to set up your inventory right after conversion. In this article, we’ll show you the four step process to do that. Note: Inventory tracking is only available in QuickBooks Online Plus Before you get started There are a few things to know before you get started. This guide is only for importing your inventory into QuickBooks Online, not selling/tracking inventory in QuickBooks Online. If you use a third party app that manages your inventory under an accounting method other than FIFO, you'll want to check that app's solution. Using QuickBooks Desktop for Windows 2015 or earlier? Before converting to QuickBooks Online, first download and install a trial version of QuickBooks Desktop for Windows 2016 or later. If you attempt to import using QuickBooks Desktop 2015 or earlier, your inventory data will not be converted. Using QuickBooks Desktop for Mac? If so, your inventory information will not import into QuickBooks Online. You'll need to set up your inventory from scratch in QuickBooks Online. Step 1: Print an Inventory Valuation Summary report You can use t... Thu, 18 Jul 2019 20:34:19 GMT https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-inventory-after-conversion/01/262553#M1 QuickBooksHelp 2019-07-18T20:34:19Z
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<description>
You can receive inventory with or without a bill in QuickBooks Desktop after you record a purchase order. Recording the inventory received and the corresponding bill, if given, updates the quantity on hand for each item and the payable to the supplier. Receive inventory with a bill Use this option if you received the items and the corresponding bill/s for them. From the Home page, select Receive Inventory drop-down and choose Receive Inventory with Bill. On the Enter Bills window that appears: From the drop-down, choose the supplier name. Select Yes to receive a purchase order for the bill. Choose&nbsp; the correct PO and select OK. Review the information on the Bill. Note that except for the Memo field, any fields that were filled in on the PO are carried over to the Bill. Select Save &amp; Close. When you're ready to pay the bill, proceed to Pay Bills. Receive inventory without a bill Use this option if you received the items but the supplier did not provide the bill yet. This will create an Item Receipt which increases your inventory asset account and accounts payable. From the Home screen, select the Receive Inventory drop-down and choose Receive Inventory without a bill. On the Item receipt window that appears: From the drop-down, choose the supplier name. Select Yes to receive a ...
</description>
<pubDate>Fri, 16 Aug 2019 23:29:39 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/receive-inventory/01/261626#M24
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-16T23:29:39Z</dc:date>
</item>
<item>
<title>Understand Inventory Assets and COGS tracking</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/understand-inventory-assets-and-cogs-tracking/01/261496#M23
</link>
<description>
To successfully track inventory, you need to understand how QuickBooks handles inventory assets, average cost and Cost of Goods Sold (COGS). Learn how to compute for the average cost and know which report will help with inventory management in this article. Inventory Accounts When you set up your first inventory item in your Inventory List, QuickBooks automatically adds two accounts to your company file's Chart of Accounts: 12100 - Inventory Asset - Other Current Asset 50000 - Cost of Goods Sold (COGS) - Cost of Goods Sold In addition, each inventory item requires an income account. You are not required to use either of the automatically set up accounts. You can set up your own accounts or subaccounts. Note: If either of these account numbers is already in use, QuickBooks will assign the next available number to the new accounts. Inventory Assets When you purchase an inventory item, your Bill, Cheque or Credit Card Charge will debit the Item's Inventory Asset account and credit your A/P, bank or credit card account. It is not debited to an expense account because (1) it is an asset that you can sell for future benefit and (2) you record the expense to match the income. The best way to track your inventory purchases is to run the Inventory Valuation Summary/Detail reports for a...
</description>
<pubDate>Thu, 22 Aug 2019 18:20:18 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/understand-inventory-assets-and-cogs-tracking/01/261496#M23
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-22T18:20:18Z</dc:date>
</item>
<item>
<title>Turn off Advanced Inventory</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-off-advanced-inventory/01/261494#M21
</link>
<description>
If you decide that you no longer need a particular feature of Advanced Inventory, you can turn it off and still use other Advanced Inventory features. To completely turn off Advanced Inventory, you need to turn off every feature that you're currently using. To do this task 1. From Edit menu, choose Preferences. 2. Select Items &amp; Inventory, then Company Preferences tab. 3. Select the Advanced Inventory Settings button. 4. Turn off each feature that you're currently using: • Multiple Inventory Locations Unmark the checkbox to clear the Multiple Location Inventory. If you decide to turn off Multiple Inventory Locations, QuickBooks will: • Maintain all the site-related data you've entered, though you won't be able to see it. • Hide all site-related columns, fields, and reports from the QuickBooks interface. • Stop assigning inventory-related transactions to any site. If you turn the preference back on, then you must • Assign a temporary site to all inventory-related transactions entered since you turned the preference off. • Transfer the inventory from that temporary site to the actual sites (we'll walk you through these steps). Then you can continue tracking inventory at multiple locations the way you did before turning the feature off. • Serial/Lot numbers 1. Select the Serial/L...
</description>
<pubDate>Fri, 23 Aug 2019 17:12:02 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-off-advanced-inventory/01/261494#M21
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-23T17:12:02Z</dc:date>
</item>
<item>
<title>Create an estimate</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-an-estimate/01/262239#M20
</link>
<description>
Estimate in QuickBooks Desktop is used to create a bid, proposal, or quote. The estimate can later be turned into a sales order or an invoice. These are the steps on how to create an estimate. To create an estimate, you need to make sure the Estimates feature is turned on. Sign in to the QuickBooks company file as Admin. From the QuickBooks Edit menu, select Preferences. On the left pane, choose Jobs &amp; Estimates then go to the Company Preferences tab. Select Yes to the question "Do you create estimates?" Select OK. Create an estimate: From the QuickBooks Home screen or on the Customers menu, select Estimates / Create Estimates. On the Customer: Job drop-down, select a customer or customer job. If the customer or job is not on the list yet, you can click Add New. Fill in the relevant information at the top of the form like the Date and Estimate #. In the detail area, select the item(s) you propose to do or include as a sale. Note: When you select or add an item, the description and amount are automatically populated based on the description and unit cost entered when the item was set up. You can delete or modify this when creating Estimates. (Optional) If you want to apply a discount, you need to create a discount item. From the QuickBooks Lists menu, choose Item List. Right cl...
</description>
<pubDate>Fri, 23 Aug 2019 17:12:11 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-an-estimate/01/262239#M20
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-23T17:12:11Z</dc:date>
</item>
<item>
<title>
Delete transactions by batch using Batch Delete/Void Transactions
</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/delete-transactions-by-batch-using-batch-delete-void/01/261632#M19
</link>
<description>
The Batch Delete/Void Transactions utility (BDT) allows you to quickly and securely delete or void transactions by batch within QuickBooks Desktop. This article will guide you how to use the tool by enumerating its parts and functions and by walking you through the process itself. Important The utility is only available in QuickBooks Desktop Accountant 2017, Enterprise and Enterprise Accountant 17.0, and later versions. Only the Admin and the External Accountant users can access the utility. The Batch Delete/Void Transactions utility does not support multi-currency. The Batch Delete/Void Transactions utility Its parts and functions Select common transaction types You can choose what Transaction Type appears on the Available Transactions list. This includes transactions such as bill payment cheques, bill refunds, bill credits, refund cheques, and finance charges. Show/hide linked or voided transactions When Show linked transactions is selected, any transaction attached to another transaction (i.e. an invoice paid with a payment) will appear in the Available Transactions list under the Linked Trns column. When Show voided transactions is selected, any transaction marked as voided will appear in the Available Transactions list. Filter transactions To filter transactions showing o...
</description>
<pubDate>Tue, 20 Aug 2019 15:42:11 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/delete-transactions-by-batch-using-batch-delete-void/01/261632#M19
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-20T15:42:11Z</dc:date>
</item>
<item>
<title>
Negative inventory causes issues in your company data file
</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/negative-inventory-causes-issues-in-your-company-data-file/01/261623#M18
</link>
<description>
This article explains negative inventory - its possible causes as well as it effects on your company file. It also outlines steps to fix issues arising from negative inventory. Negative Inventory overview Negative Inventory is caused by entering sales transactions before entering the corresponding purchase transactions, i.e., you sell inventory items that you do not have in stock. When you sell items that you have entered into your company file You purchase items using the Items Tab on an item receipt, bill, check or a credit card charge, debiting inventory and crediting A/P, Cash, or Credit Card Payable. You sell items on invoices or on sales receipts, but never more items than you have on hand. The sales transaction actually records two transactions: The Sales/Receivable transaction, debiting A/R and crediting Sales The Inventory/COGS transaction, crediting Inventory and debiting COGS. You run P&amp;L and expense reports which show the invoices and sales receipts because they record both the income and the expenses. You run B/S reports which show item receipts, bills, checks and credit card charges because they record increases in inventory and they show invoices and sales receipts because they record the decreases in inventory. When you sell items that you have NOT entered into...
</description>
<pubDate>Mon, 19 Aug 2019 18:27:56 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/negative-inventory-causes-issues-in-your-company-data-file/01/261623#M18
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-19T18:27:56Z</dc:date>
</item>
<item>
<title>Pack tab in Sales Order Fulfillment</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/pack-tab-in-sales-order-fulfillment/01/262252#M17
</link>
<description>
Pick, Pack, and Ship is a new product enhancement feature in QuickBooks Enterprise 19.0 that fulfills orders with high accuracy and low operational costs. This enhancement dismisses latency in warehouse updates with its offline order update capability between warehouse and office (QuickBooks user). Pack Tab Once orders have been picked, they need to be packed. The Pack tab lets you select one or more sales orders to be packed for shipping . Note: Only sales orders that have already been partially or completely picked can be sent for packing. The Pack tab can be skipped. If the process does not require packing, you can move directly to the shipping process. Start the pack process From the Customers menu, go to Sales Order Fulfillment Worksheet. On the Dashboard, choose the sales orders to be packed, then select Send for Packing in the Action drop-down. On the Packer column, select the packer from your list (if desired). Select Send to device to pass the packing list to the warehouse's scanner or phone. On your worker's mobile device, scan the packing list that needs to be fulfilled and to be included in the package. Select Create Package after following the associated prompts. Press Done to finalize the entry, then tap Finish to send the completed packing list back to QuickBook...
</description>
<pubDate>Mon, 19 Aug 2019 23:22:26 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/pack-tab-in-sales-order-fulfillment/01/262252#M17
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-19T23:22:26Z</dc:date>
</item>
<item>
<title>Turn on Advanced Inventory</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-on-advanced-inventory/01/261686#M16
</link>
<description>
If you are using QuickBooks Desktop Enterprise, you can purchase or subscribe to Advanced Inventory which enables you to use: FIFO costing Multiple location inventory Bar code scanning Bin or lot tracking Serial or lot numbers Sales order fulfillment process (Site Operations) To Turn on Advanced Inventory: From the Edit menu, select Preferences. On the left pane, choose Items &amp; Inventory then go to the Company Preferences tab. Check the Inventory and Purchase Orders are Active box. Select the Advanced Inventory Settings button.&nbsp;If the button is greyed out even though you have purchased the feature, you will need to sync license data online so that QuickBooks recognizes it. In QuickBooks, choose Help &gt; Manage my License &gt; Sync License Data Online. Check that Advanced Inventory Settings is no longer greyed out. Close and re-open the QuickBooks program. In case of sync failure If Syncing fails on some but not all computers, there may be system-specific problems. Follow these troubleshooting steps. Note: These steps are for the Windows operating system, which is not an Intuit product. They can become complex if errors occur while repairing or uninstalling .Net Framework. If you are not comfortable doing these steps on your own, Intuit recommends you consult with your computer's ma...
</description>
<pubDate>Thu, 18 Jul 2019 14:53:00 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/turn-on-advanced-inventory/01/261686#M16
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-07-18T14:53:00Z</dc:date>
</item>
<item>
<title>Accountant Tools: Troubleshoot inventory</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accountant-tools-troubleshoot-inventory/01/261431#M15
</link>
<description>
Overview Note: The following information applies only to QuickBooks Accountant and QuickBooks Enterprise Solutions. The Troubleshoot Inventory tool contains several views of potential inventory problems. By changing which items are shown and the inventory criteria, you can see the items in the way that best suits the client's company. After the inventory list is shown, you can Quick Zoom to an inventory item and correct any errors. The status column between the End Qty and Neg Qty? column indicates any irregularities in the inventory, such as negative quantities or items that are out of balance. Symbol Description ● The green circle indicates that there is no negative inventory for this item. ⚠ The yellow warning triangle indicates that there is negative inventory for this item. Set the display dates The default value for the To and From dates is the review period. You can change the dates as needed. After changing the To date, use the tab key or click anywhere else on the screen to refresh the display. These dates only apply to the beginning quantity, bought, sold, adjustment, ending quantity, and negative quantity columns. Note: If the entered From date is later than the To date, CDR automatically makes the earlier date the From date and the later date the To date. Change th...
</description>
<pubDate>Tue, 20 Aug 2019 22:14:48 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accountant-tools-troubleshoot-inventory/01/261431#M15
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-20T22:14:48Z</dc:date>
</item>
<item>
<title>
Create, build, and work with inventory assembly items
</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-build-and-work-with-inventory-assembly-items/01/262266#M14
</link>
<description>
Manage your Inventory efficiently by creating and building Inventory Assembly item, which can be a combination of inventory part items and/or sub-assemblies into a single item. Add your Inventory Assembly item An Inventory Assembly item is one type of line items used when creating a sale or purchase form. Creating and adding assembly items to inventory is a two-step process: First, define the Bill of Materials (BOM) to specify what components go into making the assembly item, then build a quantity of the assembly item so QuickBooks Desktop can deduct the component parts from the inventory and add new quantities of the assembled item. Note: As soon as you build an assembly item, its component parts no longer exist as separate parts in inventory because they have become part of a new inventory item called an inventory assembly. After assembly items are defined, they are added to inventory by "building" them. An assembly build is necessary to keep inventory quantities accurate. Note: Each time an assembly item is built in QuickBooks Desktop, the inventory parts and other assembly items (sub-assemblies) in the BOM are deducted from inventory, and the quantity of the assembly item increases. Group item vs inventory assembly item Group items and inventory assembly items are similar ...
</description>
<pubDate>Thu, 18 Jul 2019 19:46:45 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-build-and-work-with-inventory-assembly-items/01/262266#M14
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-07-18T19:46:45Z</dc:date>
</item>
<item>
<title>
Accounts Receivable workflows in QuickBooks Desktop
</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accounts-receivable-workflows-in-quickbooks-desktop/01/262509#M13
</link>
<description>
Learn about different Accounts Receivable (A/R) workflows in QuickBooks Desktop. What is Accounts Receivable? The record of money owed to your business for goods or services; that is, invoices for which your business hasn't received payment yet. Accounts Receivable is called A/R for short. (Even though the word "accounts" is plural, QuickBooks uses a single account on the chart of accounts to track all outstanding invoices.) Other terms for Accounts receivable are Notes and Collectibles. What is QuickBooks Accounts Receivable account? An account that QuickBooks automatically adds to your chart of accounts the first time you write an invoice. QuickBooks uses this account to track the money owed to your business. When you write an invoice or receive a payment from a customer, QuickBooks records the transaction in the register for your Accounts Receivable account. Your Chart of Accounts lists the type of this account as "Accounts Receivable." If you need to use more than one of this type of account in your business, you can add additional "accounts receivable" accounts to the chart. When you have more than one accounts receivable account, QuickBooks lets you choose the account you want to use when you write an invoice or enter a customer payment. It is important to record A/R tra...
</description>
<pubDate>Fri, 23 Aug 2019 22:54:07 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/accounts-receivable-workflows-in-quickbooks-desktop/01/262509#M13
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-23T22:54:07Z</dc:date>
</item>
<item>
<title>How to set up Inventory tracking</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/how-to-set-up-inventory-tracking/01/262018#M12
</link>
<description>
Set up Inventory tracking in QuickBooks Online Plus to help you track&nbsp; quantity, sales revenue, and cost of goods sold.&nbsp;Enabling this feature gives you the extra time to focus on your business. Inventory tracking: What you need to know The value of an inventory item in your books is the amount you paid for it. Recording the purchase of an inventory item increases the value of Inventory Asset account on your Balance Sheet report by the cost of the item and increases the Quantity on Hand units for that item. Recording the sale of an inventory item decreases the value of Inventory Asset account by the original cost of the item and decreases the Quantity on Hand units for that item. Recording this sale also increases the Cost of Goods Sold account (COGS) by the original cost of the item and increases the Sales of Product Income account by the amount your customer paid you for the item. The difference between the income amount and the COGS amount is your gross profit on that item. At times, you may pay more for some units of a given product than for other units due to price fluctuations. When this happens, QuickBooks Online uses a method called First In First Out (FIFO) to manage the cost accounting as you sell units of that product. Four Types of Inventory Items to Track QuickBook...
</description>
<pubDate>Fri, 02 Aug 2019 16:29:30 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/how-to-set-up-inventory-tracking/01/262018#M12
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-02T16:29:30Z</dc:date>
</item>
<item>
<title>Create, edit, or delete memorized transactions</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-edit-or-delete-memorized-transactions/01/261589#M11
</link>
<description>
Learn how to automate or get reminders for transactions that occur often, like monthly bills or recurring invoices. Never miss a transaction again. Let QuickBooks "memorize" a recurring transaction to get a reminder every time it's due. Or have QuickBooks automatically enter the transaction instead to save admin time. Create a memorized transaction Enter the transaction the way you want it memorized, but do not select Save. Note: If certain fields contain information that may change, leave those fields blank. For example, you can leave the Memo field blank on a recurring cheque so you can enter a different memo for each cheque. From the Edit menu, select Memorize [Transaction]. Enter a Name for the memorized transaction, then choose how you want QuickBooks to handle the transaction. Add to my Reminders List: The transaction will be added to the Memorized Transactions section of your Reminders list. When you choose this option, fill in the How Often field. Do Not Remind Me: The transaction will not be added to your Reminders list or added automatically. You can use this as an "as needed" template for transactions that repeat from time to time. Automate Transaction Entry: The transaction will be automatically entered once it's due. When you choose this option, remember to fill i...
</description>
<pubDate>Wed, 07 Aug 2019 10:50:38 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-edit-or-delete-memorized-transactions/01/261589#M11
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-07T10:50:38Z</dc:date>
</item>
<item>
<title>Create a purchase order</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-a-purchase-order/01/262522#M9
</link>
<description>
Learn how to enter a purchase order in QuickBooks Desktop. Use purchase orders to tell suppliers what you want to order. Track the items you order and receive, and know what expenses are coming up. Create a purchase order in QuickBooks If you haven't already, turn on purchase orders. How to turn on purchase orders in QuickBooks Desktop Go to the Edit menu and select Preferences. Select Items &amp; Inventory and then the Company Preferences tab. Select the Inventory and purchase orders are active checkbox. Select OK. Go to the Suppliers menu and select Create Purchase Orders. In the Supplier drop-down, select the supplier you'd like to create a purchase order for. You can also select Add New to add a new supplier. Fill out the rest of the fields, and add the items you'd like to order. Select Save &amp; Close. Tip: Purchase orders are a part of the Accounts Payable (A/P) workflow. Learn how to turn a purchase order into a bill. And find out about the A/P workflow in QuickBooks.
</description>
<pubDate>Thu, 22 Aug 2019 00:22:26 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/create-a-purchase-order/01/262522#M9
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-22T00:22:26Z</dc:date>
</item>
<item>
<title>Set up Advanced Inventory</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-advanced-inventory/01/262527#M8
</link>
<description>
When you turn on Advanced Inventory, you can track inventory stored at different sites or locations. For example, you might store inventory at different warehouses, in multiple trucks, in different areas within a warehouse, at consignment locations or at outside manufacturers. To make sure your quantity on hand by site is accurate, you need to set up Advanced Inventory correctly. Note: You MUST turn on Advanced Inventory before proceeding. Follow the steps in Turn on Advanced Inventory to do so. Step 1: Set up inventory sites The first step to track multiple inventory sites is to tell QuickBooks Desktop where you track inventory. These locations are called sites. Sites can be actual warehouses with different addresses, trucks, piles, staging areas, or any other locations—large or small—where you want to track inventory quantities. To do this task: From the Lists menu, select Inventory Site List. Select the Site button, then New. Enter the appropriate information. Repeat Steps 1 to 3 until all your sites are set up. When you have completed this step, you can proceed to Step 2 if you are switching from a different method of tracking multiple inventory sites or Step 3 if you need to set reorder points for each site. Otherwise, proceed to Step 4. Step 2: Convert from your previous...
</description>
<pubDate>Wed, 21 Aug 2019 17:50:12 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-advanced-inventory/01/262527#M8
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-21T17:50:12Z</dc:date>
</item>
<item>
<title>Tracking job costs in QuickBooks Desktop</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/tracking-job-costs-in-quickbooks-desktop/01/261588#M6
</link>
<description>
Job costing means tracking the expenses for a job and comparing those expenses to your revenue. With QuickBooks Desktop's job costing tools, you can see how much money you spend and make for each job. Follow the steps below to make sure that you have an accurate record of your job costs. Make sure to set up each item with enough info. The level of detail in your Item List will determine the preciseness of your job cost reports. Learn how to add, edit and delete items in QuickBooks Desktop. Step 1: Set up a Customer:Job for each of your job Even if you have only one job for a particular customer,&nbsp; set up an individual job for that customer. This enables you to keep track of your income and expenses on a job-by-job basis, and can simplify your bookkeeping if you add another job for that customer in the future. If you have previously recorded transactions to the Customer, QuickBooks moves those transactions into Job 1 when you create a new job. Step 2: Set up your items to optimize for job costing Make sure to set up each item with enough information. The level of detail in your Item List will determine the preciseness of your job cost reports. Learn how to add, edit, and delete items. Step 3: Assign all your expenses to jobs To get a complete job cost picture, make sure to assig...
</description>
<pubDate>Mon, 19 Aug 2019 20:06:22 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/tracking-job-costs-in-quickbooks-desktop/01/261588#M6
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-19T20:06:22Z</dc:date>
</item>
<item>
<title>Set up and use the Projects feature</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-and-use-the-projects-feature/01/262433#M4
</link>
<description>
Learn how to use Projects to track project income, expenses, and profitability. This is available for QuickBooks Online Plus and Accountant. The Projects feature helps you stay organized and track all the moving parts. You can add project income and expenses, tag old transactions to new projects, and run project-specific reports from a single dashboard. This makes it easy to manage your work and see your progress. Here’s how to set up Projects.&nbsp;Once you’re set up, learn how to use the project cost and profitability tools to do “job costing.” Step 1: Turn on Projects If you haven’t already, turn on the Projects feature. Select Settings&nbsp;⚙, then select Account and Settings. Go to the Advanced tab. Find the Projects section. Select it to expand it. Select the Organize all job-related activity in one place box. Select Save. Then close your settings. The Projects menu now appears in the main navigation bar. Step 2: Create your first project Select the Projects menu. Select New project. Give your project a memorable name. Select the customer you’re working for from the drop-down menu. Add any notes or details about the project. Add tasks if desired. Select Save. You’ll see your list of projects grow as your business takes on more work. Step 3: Add project income and expenses Now that...
</description>
<pubDate>Fri, 23 Aug 2019 22:06:44 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-and-use-the-projects-feature/01/262433#M4
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-08-23T22:06:44Z</dc:date>
</item>
<item>
<title>Can I track inventory manually?</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/can-i-track-inventory-manually/01/262498#M3
</link>
<description>
You can track the value of your inventory assets manually in&nbsp;QuickBooks Online following the steps below. Note: If you're using QuickBooks Online Plus, you can use the built-in inventory feature instead of tracking inventory manually. See&nbsp;inventory links and resources. Create an account to track your inventory value Select the&nbsp;Gear icon&nbsp;at the top, then Chart of Accounts. Select&nbsp;New. Select Current assets&nbsp;from the&nbsp;Account Type&nbsp;drop-down. Select&nbsp;Other current assets&nbsp;from the&nbsp;Detail Type&nbsp;drop-down. (Optional) Input a unique Name (system default will be Other current assets), Description, Default Tax Code, and&nbsp;Balance for the account. Select&nbsp;Save and Close. If desired, you can create an account for each type of inventory. For example, if you sell used cars and motorcycles, you'd create an account for cars and another for motorcycles. Create an account to track your cost of goods sold Select the&nbsp;Gear icon&nbsp;at the top, then Chart of Accounts. Select&nbsp;New. Select Cost of Goods Sold&nbsp;from the&nbsp;Account Type&nbsp;drop-down. Select the closest type of Cost of Goods Sold that matches your situation from the&nbsp;Detail Type&nbsp;drop-down.&nbsp;If you're&nbsp;not sure, use Other Costs of Service - COS. (Optional) Input a unique Name,&nbsp;Description, and Default Tax Code&nbsp;for the Cost of Goods Sold item. Select&nbsp;Save and ...
</description>
<pubDate>Fri, 19 Jul 2019 20:15:29 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/can-i-track-inventory-manually/01/262498#M3
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-07-19T20:15:29Z</dc:date>
</item>
<item>
<title>Set up inventory after conversion</title>
<link>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-inventory-after-conversion/01/262553#M1
</link>
<description>
Learn how to set up inventory after converting from QuickBooks Desktop to QuickBooks Online. Buying and selling products after you move from QuickBooks Desktop to QuickBooks Online impacts inventory numbers. So it’s important to set up your inventory right after conversion. In this article, we’ll show you the four step process to do that. Note:&nbsp;Inventory tracking is only available in QuickBooks Online Plus Before you get started There are a few things to know before you get started. This guide is only for importing your inventory into QuickBooks Online, not selling/tracking inventory in QuickBooks Online. If you use a third party app that manages your inventory under an accounting method other than FIFO, you'll want to check that app's solution. Using QuickBooks Desktop for Windows 2015 or earlier? Before converting to QuickBooks Online, first download and install a trial version of QuickBooks Desktop for Windows 2016 or later. If you attempt to import using QuickBooks Desktop 2015 or earlier, your inventory data will not be converted. Using QuickBooks Desktop for Mac? If so, your inventory information will not import into QuickBooks Online. You'll need to set up your inventory from scratch in QuickBooks Online. Step 1: Print an Inventory Valuation Summary report You can use t...
</description>
<pubDate>Thu, 18 Jul 2019 20:34:19 GMT</pubDate>
<guid>
https://quickbooks.intuit.com/learn-support/en-ca/manage-inventory-and-projects/set-up-inventory-after-conversion/01/262553#M1
</guid>
<dc:creator>QuickBooksHelp</dc:creator>
<dc:date>2019-07-18T20:34:19Z</dc:date>
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