Simple tips to Set Up Inventory and Non-Inventory Parts in QuickBooks
You have the option of adding inventory in addition to non-inventory what to QuickBooks for tracking purposes. Inventory items are those that your particular business has in stock; for instance, if you will be an electronics store, you can easily track the number of a certain television model. Non-inventory items make reference to other kinds of items, like those which are special ordered or drop-shipped to your customer.
You ought to turn on inventory tracking in QuickBooks if your wanting to can cause inventory parts; however, you are able to set up non-inventory parts without changing the settings in QuickBooks.If you want to know about How To Set Up And Track QuickBooks Inventory then call our experts.
Inventory Parts
1
Open QuickBooks, click "Edit" within the menu bar and choose "Preferences."
2
Click "Items & Inventory," and then click the "Company Preferences" tab.
3
Click the box close to "Inventory and get orders are active" to allow inventory tracking. Click "OK."
4
Click "Items & Services" on the Home window, click the "Item" button, and then select "New."
5
Select "Inventory Part" from the Type drop-down menu.
6
Go into the name regarding the inventory item when you look at the "Item Name/Number" text box. Click the "Income Account" drop-down menu and select the account you need to used to track income out of this inventory item.
7
Fill out the residual all about the form as required, and click the "OK" button to create the inventory part.
Non-Inventory Parts
1
Click "Items & Services" in the Home window, click the "Item" button, then click "New" to start the latest Item window.
2
Select "Non-inventory Part" from the Type drop-down menu.
3
Go into the name when it comes to item in the "Item Name/Number" text box, then select the account to that you desire to link the item from the Account drop-down menu.
4
Fill out any remaining information for the item as required, and then click the "OK" button to add the non-inventory part.