April, 2011

QuickBooks Inventory – Part Six – Manual Adjustment

There are a few reasons that you would perform a manual adjustment for your inventory. One could be when you send out samples of your product and the other could be for spoilage or loss-age. To accomplish this lets go through the steps. From your Home page, in the Company section or module, click on the Adjust Quantity On Hand icon. This will open up the Adjust Quantity/Value on...

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QuickBooks Quik Tip for the Day – Inventory Sale

Before you enter a sale of inventory parts you must have inventory on hand. My suggestion would be that you enter your Item Receipts first. Note:www.quickbookstrained.com is now mobile friendly. From the web address you can choose Options/Mobile formatted and the site will appear in all its living colour for you to view. Check it out. If you want to make sure you don’t miss an article,...

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QuickBooks Inventory – Part Five – Entering a Bill

Let’s see where did we leave off? Oh yes the Item Receipt for the inventory was entered, but I haven’t received the bill as yet. So as I don’t forget, I would like to record that important bill in QuickBooks. As always, I start at the Home page. This should now be automotic for any that have followed this series. In the Vendor section I will choose Enter Bills Against...

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QuickBooks Inventory – Part Four – Receiving it

Continuing on in this extended series on Inventory. Now that you have ordered it with the new purchase order format that I suggested, it’s time to receive the goods.  You can receive this inventory with or without a bill, or you can enter a bill for items you have already received. I will walk through the process of receiving the inventory without a bill. Go to your Home page and from the...

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QuickBooks Inventory – Part Three – Using Purchase Orders

If you’re not using Purchase Orders my question would be – why not? Granted, if your business is very small at this time and your orders are minimal, then you may have a point. But being an optimist, it’s going to grow so you might as well get used to the benefit now. Purchase Orders are used to purchase items or in this case inventory from your suppliers. Not only does it...

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