March 2014
Intermediate to advanced
888 pages
23h 46m
English
Content preview from QuickBooks® 2014 In DepthBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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5. Setting Up Inventory
QuickStart
Step 1. Enable Inventory
Step 2. Add Inventory Parts
Step 3. Purchasing Inventory with a Vendor Bill
Step 4. Selling Inventory
Inventory can be described as a company’s merchandise, raw materials, and finished and unfinished products that have not yet been sold.
QuickBooks can track the products you purchase, stock, and then later sell to customers. QuickBooks can also track the products you assemble (a component) and use to create a product for sale (finished good). QuickBooks has a perpetual inventory system, meaning each time you record a purchase transaction, inventory is increased, and when you record a ...
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