Tag: Inventory Adjustments
Dealing with Manufacturing Byproducts in QuickBooks
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 [...]
QuickBooks POS Inventory Adjustment Account and your QuickBooks Financials
One of the most important issues for a retailer is tracking and properly accounting for inventory. In our upcoming QuickBooks Live Webinar I will be covering how to properly receive inventory. In this article, I discuss what I see when QuickBooks Point of Sale (POS) is not properly used, and some of the issues that [...]
QuickBooks 2012 Serial Number Tracking
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 [...]
QuickBooks 2012 Inventory Lot Tracking
Lot tracking is basically tracking the quantity you have of items purchased (or manufactured) in “Lots”, or groups of some sort. This is used in many different industries (and is required by regulation in some) and it has been a missing feature in QuickBooks inventory. Now, with the 2012 version of Intuit QuickBooks Enterprise Solutions, [...]
QuickBooks 2012 Overview
QuickBooks 2012 is Coming! Set for release later in September, QuickBooks 2012 contains a significant number of new features, as well as improvements to existing ones. Some additions have me very excited and are very welcome. FIFO inventory, Serial/Lot Tracking, Lead management, free local attached documents, and much much more! This article will list the [...]
QuickBooks 2011 R7 Released
Intuit has just released the QuickBooks 2011 R7 update for the U.S. versions of QuickBooks. Here is an overview of what the update contains. There are quite a few changes, and I’m not sure that I’ve found them all. Some of these are bug fixes, some are changes based on customer feedback.
Dealing with Scrap in QuickBooks Manufacturing
Many manufacturers have to deal with scrap in their manufacturing process. That is, the consumption of component materials beyond what is defined in the bill of materials due to waste, trimmings, left over sections or other variable consumptions. QuickBooks doesn’t deal with this directly. Let’s talk about some ways to handle it.
Connect
Connect with us on the following social media platforms.