Chapter 7

Inventory Magic

In This Chapter

arrow Using the Item list to track inventory

arrow Keeping inventory as you purchase and sell items

arrow Using purchase orders to help track inventory

arrow Adjusting inventory records to reflect what’s really in stock

arrow Dealing with multiple inventory locations

arrow Taking the lazy person’s approach to inventory

For small and growing businesses, inventory is one of the toughest assets to manage. First, of course, you need to physically care for stuff. Second, you have to make sure that you don’t run out of some item or have too much of some other item.

QuickBooks (fortunately) provides elegant sophistication in its inventory management features, making inventory management easy. With a little jiggering, you can probably get it to work in any simple case — and even in many complex cases.

If you want to make inventory accounting really easy and don’t care about a bit of ...

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