QuickBooks 2020 For Dummies

Chapter 7

Inventory Magic

IN THIS CHAPTER

Using the Item list to track inventory

Keeping inventory as you purchase and sell items

Using purchase orders to help track inventory

Adjusting inventory records to reflect what’s really in stock

Dealing with multiple inventory locations

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 ...