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@louietoltolvlog9699

2 жыл бұрын

First time to work for restaurant accounting clerk… Let’s say bbq restaurant..a bit confused of inventory and non inventory. BBQ meats are inventory (because it resells) Ground meats to make another dishes, veggies like ingredients, sauces non inventory, is it correct? Knifes, sauce bottles, kitchen supplies are non inventory. Wine, beverages are inventory (because it resells) Did I correctly understand or wrong?

@QbuniversityOrg

2 жыл бұрын

@@louietoltolvlog9699 that’s correct!

Hello dear, sir I am so happy and proud of your tutorial on adding inventory, it helps me a lot. Thank you so much, these procedures are for adding a new item, how about the items recorded before is it possible to edit each one and update the inventory accordingly?

This video is very informative ❤❤❤ I have been seeking how to add inventory to QuickBooks. Thank God I saw this video ❤❤❤

@QbuniversityOrg

9 ай бұрын

Awesome!

@shenstrong1297

9 ай бұрын

Am still in need of more teaching but ur video taught me a lot last night went to bed 3am and now am still at it. Trying to add inventory and receipts

Then if all you can eat bbq restaurant, Meats are parent category and pork, beef, chicken legs , etc can be sub categories? Sauces are parent Sub category is soy sauce, hot sauce?

maybe down the line a bit in comments, this has been asked, but how would inventory work if you were generating a Lump Sum Invoice, but wanted to apply an inventory item to the invoice, but you don't want a line item on the invoice to show up for that item, just the lump sum for the job?

How to allocate a portion of an employee salary to different classes in quick books online?

I’m sorry…question about credit card, If owner purchases an inventory item by a credit card, should I choose an item to record it? (Usually we choose expense tab)

@QbuniversityOrg

2 жыл бұрын

That’s correct!

What is the best way to apply an inventory item to a specific job? For example Custom Homes is the customer and the job name is Loren. I am wanting to apply 100 Boxes that I already have in inventory and apply it to the job without actually creating a new billable invoice to the customer, and record it as taking out inventory and applying the cost to Loren's job? I am using Q.B. Enterprise with all the advanced inventory preferences selected. Or is there a 3rd party application that could help with this?

@QbuniversityOrg

2 жыл бұрын

Have you tried using a Sales Receipt?

When you click taxable I assume it uses local rates. However, when you ship out of state, that state's rates may apply. How do you adjust for that? Is there a table of rates you can use or can you manually override?

@QbuniversityOrg

Жыл бұрын

You would have to set up the sales tax item list with the various rates for the jurisdictions and then on the invoice assign that jurisdiction to the sale

You may have answered this question already in another video, but I was wondering if inventory is set up to better accommodate vendors who sell products or do labor and charge the same each time? For example, I run a cleaning/painting company. We rarely charge the same for each job due to size, amount of product used, man hours spent on job, etc. If I set up prices in inventory for labor and products but change it on every invoice to fit the accurate price, how will that effect things at the end of the year? Will it keep track of everything for tax purposes? Also, how would I put in inventory for just my business. We buy a ton of cleaning products but most routine jobs we have we don't charge them for cleaning supplies. How would I keep track of that if I'm not selling them but we are using them on a regular basis. I want to keep better track as we go through cleaning products quickly. Thank you for your time.

@QbuniversityOrg

2 жыл бұрын

For the cleaning products you can just expense all that since it’s used in providing the service. You don’t have to inventory that. On the pricing question, it is set up to charge the same each time but allows the flexibility to change it on the face of the invoice or estimate. It is totally fine doing that and will not have any adverse effect on year end or taxes

Good day sir, please I want to know, when we generate n invoice with quick book, does it reflect on the inventory list? For example you have 30 boxes of cookies as available stock in your inventory list, and you invoice 20 boxes to a customer, does it reflect on the inventory list that what I have left is 10 boxes of cookies?

@QbuniversityOrg

8 ай бұрын

Yep that’s exactly rigth

Assuming that my QB POS is integrated with QB Enterprise ,can QB enterprise automatically import new inventory from PoS without manually adding new invetory on ENTERPRISE

@QbuniversityOrg

2 жыл бұрын

Yes it should do that. You would have to make sure it’s set up that way to do that

Hi what happened if i already have all my items and already on hand say -6 how can i add inventory on my old items? thank you

@QbuniversityOrg

Жыл бұрын

Just add it like normal but I would do an Inventory Adjustment to get the -6 back to zero before you add more

I am so confused trying to find product specific and organized help/instructions. Quickbooks seems to have so many different versions. Do they all function the same way? For instance I just installed QB Online Plus... will any tutorial of any quickbooks version from QB Desktop to whatever have the same procedures for working with inventory, same menus, same features as the other products so I can learn by watching any versions videos? If not, how can I find good organized and detailed help for just QB Online Plus?

@QbuniversityOrg

Жыл бұрын

Welcome to QuickBooks! There are 2 “main” versions - Desktop and Online and they are similar in overall concept but completely different in layout and design. You could not watch a desktop tutorial and apply it to Online. Within each main version there are variations. Desktop you different levels and same in Online. You should be fine looking at just QuickBooks Online videos.

@thomasworzella1697

Жыл бұрын

@@QbuniversityOrg Thank you for replying. Trying to teach this old dog new tricks, It's going to be a process 🙂

@QbuniversityOrg

Жыл бұрын

@@thomasworzella1697 😂

Hi sir, I am having issues with my quick books enterprise. I work for wholesale meat vendor. So when I receive any item i receive by box and weights. we always want to track how much quantity of box we have and how much weights are they . And how many box of individual item we sell. Basically vendors charge us by weights . When I enter any bills. It give me only options like item ,item description,quantity and unit price and amount ……. (If it give me a option for total weights what will be connected with unit price, maybe then it will fix the issue) So in the quantity we put the weights of the boxes not the quantity of the box . So when I make any invoice and sell them we charge our customer by weights. But when I try to see inventory stock items . It’s only show on hand how much weights of item I have not the quantity of the boxes. I need to know how much box I shipped and how much box I have in my stock. Kindly help me please . Need your help . Please help .

Question, I bought water filters and paid taxes on them. I now want to resell them as an item, do include the tax I paid in the item cost?

@QbuniversityOrg

2 жыл бұрын

Yep you sure do

The most obvious comment: How does QB inventory track inventory with multiple prices? Example: You fill first inventory with 10 pieces at $52.70 ea. When you hit your reorder level, a PO is prefilled with the $52.70 price point and a qty of 7. However, your vendor is now charging you $55.30 ea. . How is QB tracking the multiple price points? Does it average remaining pieces at old price with new order? Does it someone assume FIFO or LIFO and apply inventory cost per piece? Or do you have to create a new inventory line when the purchase price changes (seems ridiculous)? Also, since you mentioned it, it would have been far more instructive to see a box of hinges be added as a dozen. Do you enter the box cost? Does it average the box cost?

@QbuniversityOrg

Жыл бұрын

QuickBooks averages the prices of your inventory for COGS purposes

How do you record inventory that is not for sale to customers. I mean inventory that is for inhouse use with no sales markup. And would would you record the issuance of such inventory for in-house use.

@QbuniversityOrg

Жыл бұрын

I would just expense it as supplies

@Godfrey.Machezo

11 ай бұрын

What if it's a library in a school whereby students borrow books and return them

how do you add a new order of inventory part to a current inventory part

@QbuniversityOrg

5 ай бұрын

Do you mean buying more inventory? You can enter a bill and put as an Item or do a PO if you have not received a bill

I changed non stock item to stock item and I'm getting an inventory adjustment that changes the quantity on hand. Which doesn't show the actual quantity. Is there a way we can adjust that or delete it ?

@QbuniversityOrg

Жыл бұрын

When you do this you are adding to inventory so it’ll create an adjustment. To adjust do an Inventory Adjustment to where the quantity should be

@thebronextdoor3583

Жыл бұрын

Thank you. Much appreciated.

@QbuniversityOrg

Жыл бұрын

@@thebronextdoor3583 welcome!

Once a new inventory item is already added, how can I update the inventory on hand ?

@QbuniversityOrg

Жыл бұрын

You can go in and do an Inventory Adjustment

A name or iteam name in Quickbook takes only 31 characters... SO Can I Increase the number of characters? and if yes so let me know how do i increase? Please guide me...

@QbuniversityOrg

11 ай бұрын

I have no idea that’s more of a tech software issue. I would contact Intuit about that

Hey how do I see a list of sales invoices daily

@QbuniversityOrg

Жыл бұрын

Do you mean a summary of invoices sent for the day?

How do you change currency symbols?

@QbuniversityOrg

Жыл бұрын

Under Preferences in the Edit drop down menu

10 boxes of 12 pcs each. That exactly is the part which I wanna be clear about. Suppose the smallest selling unit is piece not box. How will we set it. and how we will give the unit price for pcs and a conversion of 12 pcs (box) price and cost, just in case we sell it as a box. Hope you understand my doubt.

@QbuniversityOrg

Жыл бұрын

In the item you would enter a U/M which is a unit of measure. So in this case it would be 12. So when you buy a box there are 12 pcs in it

@johnjoseph7127

Жыл бұрын

Excuse me. When I add an inventory item it has only one SKU, which must accommodate all two or three unit levels. The biggest unit level suppose is a carton, which contains ten packets which in turn contains a dozen pieces. My smallest selling unit level are pieces. Meaning I must be able to sell that particular inventory item as pieces or as packets or as carton. Therefore when I select the SKU, there must be a drop down list which shall have all all levels from which I must be able to select pieces or packets or cartons as the case may be, and the selling price must appear accordingly. (COGS as well)

How can I put books used in a library of school

@QbuniversityOrg

11 ай бұрын

If the books are not sold, I would put them either as a fixed asset, or just expense them, depending on the cost

@Godfrey.Machezo

11 ай бұрын

@@QbuniversityOrg so can I be treating them when they are borrowed and returned?

@QbuniversityOrg

11 ай бұрын

@@Godfrey.Machezo if borrowed and returns I would expense them when you buy them