Tag: Bill of Material
The inventory system in QuickBooks is fairly simple, not a lot of bells and whistles. If you are a manufacturer and you are working with discrete assemblies (things like bicycles, electronics and such) then QuickBooks provides you with the basics, as I’ve discussed in several articles. If you have a process manufacturing business, such as [...]
A bit over a year ago I wrote about an exciting new reporting tool, QQube (see QuickBooks Reporting is Simple with QQube). I work extensively with the QuickBooks database and I was really excited by the potential that I saw in this product. This is the best QuickBooks reporting tool available in my mind, and [...]
There was a very large number of new and changed features in QuickBooks 2012, and that makes it tough to do a truly detailed analysis of all of the features. I missed a few things in my early reviews of the new inventory features in QuickBooks Enterprise, so here are some corrections and updated information. [...]
Serial number tracking is a key requirement for many inventory based businesses. Until now, if you wanted this feature in QuickBooks you had to use an expensive third party add-on product that would move inventory functions entirely outside of the QuickBooks company file. With the 2012 version of QuickBooks Enterprise Solutions we have a closely integrated [...]
Many manufacturing (and other) businesses send materials out to another firm to perform some intermediary processing of the item. This can be plating of a component part, populating a PC board with circuit components, and many other tasks. I’ll give you some ideas of how you might handle this in QuickBooks.
QuickBooks Premier and Enterprise provides us with 11 different item types, of which 5 can be used as component items in an inventory assembly. Which should you use, and why? Each of the item types have their own characteristics and uses.
In a prior article I talked about the cost and avg cost fields in the item list. In this article I’ll talk about a related value, the Total Bill of Materials Cost which you will see listed at the end of a QuickBooks bill of material.
Having an adequate supply of component parts is critical to a manufacturer. If you run out of something, you can’t build your assembly. If you can’t build your assembly, you can’t fulfill customer orders. So let’s talk about how to avoid this if you are using QuickBooks.
Computer programs can be frustrating when they don’t let you do what you want. They are supposed to be a tool that helpsyou run your business! One complaint that I hear often from QuickBooks manufacturing users is that the program won’t let them build an assembly when they can see that they have the necessary [...]
Tracking Work in Progress (WIP) in a manufacturing business can be complicated, depending on the characteristics of your manufacturing process. For an extremely oversimplified definition we can say that WIP is where you are taking items out of your raw material (component) inventory, but haven’t yet put it back into your finished goods inventory. I’m [...]