Lesson 06 - Lesson 6: Dealing with Physical Inventory...

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Return to the QuickBooks Pro 2010 web page Lesson 6: Dealing with Physical Inventory
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2 Lesson Objectives After studying this lesson, you will be able to: e Describe how QuickBooks tracks inventory e Set up the Item List e Prepare QuickBooks to collect and track sales tax e Create purchase orders e Receive items e Adjust quantity/value on hand e Manage inventory-related reports
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The Item List e You must set up an item for anything you want to list on a sales form or purchase order Notice the various types of items 3
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The Add/Edit Multiple List Entries Window 4 In this new QuickBooks window, you can choose which list you wish to view and then add or edit one or more list entries in a spreadsheet style format. You can also paste information from Excel.
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Inventory vs. Non-Inventory Parts Inventory Parts e Items tracked and sold by quantity e Items purchased and held, and then resold to customers Non-Inventory Parts e Item not tracked as inventory Nails used by a customer
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Lesson 06 - Lesson 6: Dealing with Physical Inventory...

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