How to Set Up & Track Inventory in QuickBooks
QuickBooks is the accounting software which manages the small and medium sized organizations easily and profitably. It’s easy to handle features without any professional knowledge manages your business needs and tasks more efficiently. It’s one of the important feature is ‘inventory tracking’ which allows users to track sales revenue, quantity and cost of goods sold. Tracking of inventory using QuickBooks always makes you to stay on top by analyzing and fulfill any upcoming or pending orders of customers. Also in earlier month we had posted Why use QuickBooks Inventory. It will also help you to determine the profit margin so that you can decide whether to continue with the item or just drop it from your catalogue altogether. Hence track of inventory is essential for the financial organization because by selling/purchasing inventory, then several financial statements such as income statement and balance sheet are affected. With the use of inventory management Add-on user can simply manage inventory call QuickBooks Enterprise Tech Support Number for more details and information.
How QuickBooks Track Inventory QuickBooks?
You can easily track inventory by using QuickBooks through given steps:
1: users need to go to the account settings from gear icon.
2: Now use left side menu to navigate to the sales tab.
3: now click on the pencil icon and select ‘on’ next to ‘track inventory quantity on hand’ and click done to save your changes.
4: Now use gear icon in the upper right center and click to choose product and services in the lists column.
5: then click ‘New’ option to create a new inventory item.
6: After this, select the item type from the next screen under the option types of item.
7: Then input item information such as name, date, sales, price, purchasing details, course, expense, SKU, category, recorder point.
8: then review once all the setup entries of inventory items that you want to crack and click done.
Advantages of Intuit QB Tracking Inventory
1: Tracking and managing inventory in QuickBooks gives you access to a number of reports.
2: QuickBooks very easily track the cost of is sold / purchased good or item.
Get Help Support QuickBooks Inventory Management
If user having issue in managing QB Inventory you can discuss freely QuickBooks Chat Support for help .
When you come to know the importance and procedure of tracking inventory in QuickBooks you can easily manage all your reports, sheets and sales records online. QuickBooks also provides you several tutorial videos and courses which increases your knowledge and removes all doubts in case of any errors as problem by performing above inventory tracking methods then you can take online 24/7 free QuickBooks Enterprise support online chat and buy toll free support number +1347-967-4079.