What NOT to do with QuickBooks Inventory?

I really like this article written by tim Grant @ Sleeter’s Quickbooks and Beyond Blog

Here are a summary of the 9 things not to do with Inventory in Quickbooks:

1. Select Inventory Asset from the Adjustment Account drop-down when performing an Adjust Quantity/Value On Hand transaction
2. Merge items
3. Inactivate items that still have a quantity – negative or positive – on hand
4. Attempt to “split items” to allocate to multiple locations
5. Create one general ledger (GL) account for each item
6. Have an “empty” or one-item Bill of Materials
7. Post a purchase directly to the Inventory Asset account
8. Post a journal entry to the Inventory Asset account
9. Sell “negative” on-hand items

But, you must read the article to see the details of why you should not do all those and how to do them correctly.  Link to Article

Hector Garcia, CPA