How To Manage Inventory In QuickBooks Online
The inventory feature in QuickBooks Online is best for merchandise management and tracking quantities of goods that you purchase and sell. Any company that has inventory transactions and needs to track merchandise from purchase to sale, can use QuickBooks online inventory reports to keep the merchandise transactions under control. Only businesses that need quantity on hand of the merchandise inventory have products that need you to activate the inventory feature in order to have control over your inventory management.
I promise if you watch some of this QuickBooks online inventory tutorial every day, you will be an expert in QuickBooks online, specifically in the area of managing merchandise inventory and tracking quantities on the product reports. It will show you how you can set up your inventory accounts to see the cost of goods sold and gross profit of each individual item of inventory that you buy and sell. Just follow step -by-step and you will have the knowledge and skill to handle every possible situation that can arise from having a merchandise business that uses QuickBooks Online.
You can ask me questions in the comment section, and I can help forward you to related topics as needed.
Table Of Contents:
Chapter 3 Setting Up To Follow Step-By-Step 8:24
Chapter 4 Activating Inventory Feature 16:33
Chapter 5 Non-Inventory Parts 26:27
Chapter 6 Purchasing Inventory For Cash 45:11
Chapter 7 Credit Purchases Of Merchandise 53:39
Chapter 8 The Perpetual Inventory System 59:10
Chapter 9 Cash Sales Of Merchandise 1:11:11
Chapter 10 Merchandise Credit Sales On Account 1:20:01
Chapter 11 Refund Receipts From Merchandise Sales 1:26:28
Chapter 12 Credit Returns Of Merchandise 1:31:35
Chapter 13 Credit Purchase Returns 1:43:09
Chapter 14 Cash Merchandise Purchase Returns 1:49:24
Chapter 15 How To Use Purchase Orders In QuickBooks Online 1:55:57
Chapter 16 How To Adjust Inventory Quantities 2:09:15
Chapter 17 Prepaid Inventory 2:21:09
Chapter 19 The Periodic Inventory System 2:42:36
You can sign-up for a free plus account of QBO here…………..
https://quickbooks.intuit.com/online/...
https://quickbooks.intuit.com/pricing/
You can lean QuickBooks free at the main YouTube channel:
woldwidequickbooks
👉Subscribe for more videos: http://bit.ly/thequickbooksdude
Other Related Videos 👇
QuickBooks Online Bank Reconciliation and proving correctness:
QuickBooks What Is Bank Reconciliatio...
QuickBooks Online Bank Feeds And Importing Transactions:
How To Import Transactions Connection...
👉Subscribe for more videos: http://bit.ly/thequickbooksdude
➡Follow us on social media:
Facebook: certifiedquickbookstraining
Facebook: QuickbooksForLandlords
Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website.
➡Get In Touch Today Have a question or need help with your QuickBooks Instructional Course?
Contact Mark directly. https://marksmolen.com
https://quickbooksforlandlords.net
#quickbooksonlineinvnentory
#quickbooksonlinemerchandisebusiness
#activateinventory
I promise if you watch some of this QuickBooks online inventory tutorial every day, you will be an expert in QuickBooks online, specifically in the area of managing merchandise inventory and tracking quantities on the product reports. It will show you how you can set up your inventory accounts to see the cost of goods sold and gross profit of each individual item of inventory that you buy and sell. Just follow step -by-step and you will have the knowledge and skill to handle every possible situation that can arise from having a merchandise business that uses QuickBooks Online.
You can ask me questions in the comment section, and I can help forward you to related topics as needed.
Table Of Contents:
Chapter 3 Setting Up To Follow Step-By-Step 8:24
Chapter 4 Activating Inventory Feature 16:33
Chapter 5 Non-Inventory Parts 26:27
Chapter 6 Purchasing Inventory For Cash 45:11
Chapter 7 Credit Purchases Of Merchandise 53:39
Chapter 8 The Perpetual Inventory System 59:10
Chapter 9 Cash Sales Of Merchandise 1:11:11
Chapter 10 Merchandise Credit Sales On Account 1:20:01
Chapter 11 Refund Receipts From Merchandise Sales 1:26:28
Chapter 12 Credit Returns Of Merchandise 1:31:35
Chapter 13 Credit Purchase Returns 1:43:09
Chapter 14 Cash Merchandise Purchase Returns 1:49:24
Chapter 15 How To Use Purchase Orders In QuickBooks Online 1:55:57
Chapter 16 How To Adjust Inventory Quantities 2:09:15
Chapter 17 Prepaid Inventory 2:21:09
Chapter 19 The Periodic Inventory System 2:42:36
You can sign-up for a free plus account of QBO here…………..
https://quickbooks.intuit.com/online/...
https://quickbooks.intuit.com/pricing/
You can lean QuickBooks free at the main YouTube channel:
woldwidequickbooks
👉Subscribe for more videos: http://bit.ly/thequickbooksdude
Other Related Videos 👇
QuickBooks Online Bank Reconciliation and proving correctness:
QuickBooks What Is Bank Reconciliatio...
QuickBooks Online Bank Feeds And Importing Transactions:
How To Import Transactions Connection...
👉Subscribe for more videos: http://bit.ly/thequickbooksdude
➡Follow us on social media:
Facebook: certifiedquickbookstraining
Facebook: QuickbooksForLandlords
Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website.
➡Get In Touch Today Have a question or need help with your QuickBooks Instructional Course?
Contact Mark directly. https://marksmolen.com
https://quickbooksforlandlords.net
#quickbooksonlineinvnentory
#quickbooksonlinemerchandisebusiness
#activateinventory
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