This would be handled by QuickBooks Enterprise with the Advanced Inventory option.

But what about Inventory status at Various locations, how can we track them separatly? Each Location may have same item

Cheers
Tahir

When you say “Class” are you referring to the “Class” feature in QuickBooks, that you can specify in purchase and sale transactions? I just want to be sure.

“Class”, as in the feature in QuickBooks, only applies to transactions that affect the income statement. It doesn’t apply to the balance sheet. So you won’t see Class affecting the inventory asset account, if that is what you are looking at. Since a “build assembly” transaction typically only affects inventory asset accounts (although not necessarily, depending on your BOM) you aren’t going to see “Class” as a field in that transaction.

Good Morning ! Sorry to bother you again for QB help and thanks for your last tips.

We are in process to define the “Class” with QB for our departments and need your help yet again.

Firstly please allow me to write some details to describe our company scenario.

Company Name : M/s ABC :
Class : ABC

Departments : 1, 2, 3, 4
Sub class or Class : 1
Sub class or Class : 2
Sub class or Class : 3
Sub class or Class : 4

Practically we take all inventory directly in Main Store Operated under ABC and then transfer the routine requirement to Various departments, Many of the items are same for every department for example Inventory Item # XYZ directly purchase and subsequently trf to 3 department as per their requirement.

1. We don’t find any WINDOW / form in QB which allow us to trf the inventory and products from / to Main store to / from departments. (Class to Class or Class to Sub-Class)
2. The defining Items Assembly QB doesn’t give us option to define Class. For example Inventory Item # RST purchase by main Store (Class # ABC) in 100 kg , transfer to Class 1 say 75 kg . RST consumed 40 kg while Producing one Item Assembly. Now reality says That we should 25 kg Inventory remaining at main Store, 35 kg at Class 1 ( 75 minus 40 kg).
3. Currently all the products from each department sales to franchises daily against one invoice consist of all four department products, Can we continue the same practice of one invoice for against all classes after assigning classes .

For the second, note that when you build an assembly the actual cost of the built item DOES incorporate the average cost of the component parts. The “total bill of material cost” that is listed in the Edit Item window is based on the “cost” (not average cost) of the components, but that is just a figure used for planning purposes, it isn’t what is used in financial calculations. See my articles on cost and total bill of material costs (http://www.sleeter.com/blog/2011/02/understanding-quickbooks-inventory-cost/ and http://www.sleeter.com/blog/2011/02/understanding-quickbooks-total-bill-of-materials-cost/) I also write about this in the Inventory chapter of the 2012 Consultant’s Reference Guide (http://bit.ly/I7txfd)

We have installed and working on QB Premier 2009. Its working fine except for some technical difficulty. Hope you can resolve the issue.

We are a Manufacturing concern, producing Bakeries’ items for our franchises. While working and creating for item assemblies we face the following :

1. If a product name is “A” with UOM is “kg” and contains 07 inventory items. 2 or 3 items are main while rest 4 to 5 items are used in very little quantity. For example 0.00133 (corn Flour) require to built one unit of “A” . which is quite difficult to calculate. While 40 grams for 30 kg production is little easier and calculate more accurately in reports. Is there any possibility that we can assign minimum production batch quantity and assign the same respective quantities while calculating BOM.
2. QB takes the cost in an assembly for a single Inventory items from the last purchase or the defined cost. While we need the average cost of unit appearing last against the item in a BOM.

I am deciding between buying Quickbooks Premiere UK 2010 version on Amazon vs the 2012 version. is there really much of a difference?

Thanks,

Liza

Items needed for future builds – invoices/pick lists/progress invoicing won’t touch that. They only look at the assembly item that you would have on an order, NOT the components of that assembly.

In this case, one thing to consider would be creating a “pending build” for the assembly. Then the components of the assembly will show in the Inventory Stock Status report as allocated to a future build (see my article on “available inventory” at http://www.sleeter.com/blog/2012/03/quickbooks-available-inventory/ for more about this).

Another option is to use an add-on product. There are several manufacturing oriented products like MiSys and ACCTivate (which I’ll be reviewing later this summer). These are large applications that will provide you with many forward-looking planning features, but they involve considerable effort to implement. Another add-on that would help, which is lower cost and easier to implement (but doesn’t do as much as the other two products) is CCRQBOM (http://www.ccrsoftware.com/CCRQBOM/CCRQBOM.htm). Note that this is a product that my own software company produces, it is not associated with The Sleeter Group.

If you are managing a multiple level complicated assembly that takes time to complete, you also can do your build in stages. Take a look at this article for some ideas on that: http://www.sleeter.com/blog/2011/02/manufacturing-wip-in-quickbooks/

We are a manufacturer that brings in bulk items, puts them in inventory, and then currently we’re using build assemblies to take those out of inventory and into COGS.

The problem that we’re having is that currently the sales/work order process is completely manual. The purchasing department has no way to look in QB and determine what items we will need for future builds. As I understand it, we could create the sales/work orders in QB to generate a Pick List. However, my problem with that is being able to keep the inventory up to date as the build goes through the manufacturing process (upwards of 1-2 weeks). I have read in the QB help that we could do Progress Invoicing. But that brings us to another issue. We can’t have multiple invoices for the same build. The end result has to be only one invoice to the customer.

So what is the best way to combine all these issues. We need to be able to put in the work orders in QB, track the items needed for each order, process inventory in phases (out of inventory and into COGS), and then one invoice to the customer at the end.

Any help would be appreciated. Thank you!