QuickBooks 2016: The Best Guide for Small Business, 2nd Edition

Chapter 13

Manage Inventory in QuickBooks

In this chapter:

•   Understanding an inventory item

•   Learning to track inventory

•   Using subitems

•   Doing an inventory count

Accurately keeping track of inventory items is no easy task. In fact, for many businesses, the warehouse can be a source of frustration and erroneous information. (The term “warehouse” is used generically here to indicate the place where you store inventory, but it may be your basement or garage instead of a physical warehouse.) This chapter covers how to set up and make adjustments to your inventory. You learned how to purchase, receive, and manage your inventory in Chapter 6.

What Is an Inventory Item?

An inventory item is a product you manufacture, assemble, or purchase ...