Description:
In this video we show to you how to manage your inventory in QuickBooks Desktop
Video:
Table of contents:
- 00:00:00 – Intro
- 00:02:33 – Avalara (sponsor)
- 00:03:53 – Learning objectives
- 00:04:22 – Table of contents
- 00:04:33 – Item types
- 00:05:03 – Create invoice (how QuickBooks inventory part and non inventory part affects your accounting)
- 00:05:33 – Create a new item (step by step) (non inventory part) how it works
- 00:08:15 – Create a bill (vendors, enter bills) (item tab)
- 00:09:54 – Item list
- 00:10:02 – Edit item
- 00:11:56 – Separation between revenue and cost of goods sold
- 00:12:29 – Balance sheet standard compared with profit and loss
- 00:13:06 – Item list, modify item (inventory part) (conversion) (converting non inventory part to inventory part) how it works
- 00:14:56 – Changes on profit and loss and balance sheet
- 00:15:51 – Quick poll (question)
- 00:17:19 – How to group inventory for valuation purposes (multiple inventory assets accounts) (item list) (create account type) (chart of accounts) (classify) (example)
- 00:19:04 – Organizing your item list
- 00:19:34 – Item list (group items) (sub items) (group sub items using custom fields) (set up custom fields) how it works (example)
- 00:22:17 – Customize columns and how it works
- 00:24:43 – Invoice (find and select items)
- 00:25:22 – Trick to insert item (searching item) (invoice) (shortcut)
- 00:27:05 – Inventory center and how it works (only available on Premier or Enterprise edition)
- 00:30:06 – Units of measure and how it works (single units of measure) (multiple units of measure) (create purchase order) (example)
- 00:38:16 – Quick tip (lb, kg, convert measure) (google)
- 00:40:17 – Manufacturing (Premier and Enterprise) (inventory assembly items, bill of materials, build assemblies, where used component replacement, raw materials/finish goods, create inventory assembly item, create invoice) how it works (step by step) (example)
- 00:50:34 – QuickBooks Enterprise component replacement and how it works (where used assemblies)
- 00:55:01 – Non posting transactions in Pro (estimates, purchase orders, estimate to invoice workflow, pending invoices)
- 00:55:16 – Non posting transactions in Premier and Enterprise (sales orders, sales order fulfillment worksheet, S.O to P.O workflow)
- 00:55:44 – Posting transactions (all editions) (decreasing inventory) (increasing inventory)
- 00:56:02 – Inventory adjustments
- 00:56:10 – Inventory reports
- 00:56:35 – What QuickBooks cannot do with inventory
- 00:57:38 – Inventory (adjust quantity/value on hand) (modify units report) how it works
- 00:58:35 – Profit and loss and balance sheet
- 00:59:12 – Inventory add-ons for QuickBooks Desktop
- 00:59:25 – links
