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gokarma815
January 9, 2021
Question

Inventory for ecommerce

  • January 9, 2021
  • 1 reply
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I am pretty experienced in quickbooks but I am having a difficult time with a client. He wants me to keep track of his inventory financials (not so much the units in stock or out of stock, just the amount of expenses related to inventory). He wants to find his ending inventory and profit/loss. However, he does not have (nor wants to purchase the QB plan that includes inventory tracking). He handed me over all his inventory related invoices and they are already included in the bank transactions on QB (his account is already linked to Shopify and his banks). My question is what would be the best option to keep track of inventory financials, I am not sure if I am overthinking it but if anyone can share advice that would be great. 

1 reply

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LauraAB
January 11, 2021

Hi gokarma815,

 

Welcome to the QuickBooks Community! I can see how this situation with your client would be a bit tricky since he doesn't want to use QuickBooks Online Plus, which includes inventory tracking. Knowing this detail is important, and I have a suggestion of something you can consider to help your client moving forward with this.

 

The inventory tracking feature in QuickBooks Online Plus keeps things as easy as possible for handling that kind of data, but I can appreciate that the feature may not be a good fit for everyone. For instances where that's the case, manually tracking inventory is possible using the steps outlined here: Can I track inventory manually in QuickBooks Online? This article walks you through how to set up accounts and add inventory.

 

From there, it may take some extra workarounds to track the inventory, in particular since your client has his Shopify account connected to QuickBooks Online as well. The article I've shared may help to get you started though or give you another idea that you can use.

 

Other users here in the QuickBooks Community may also chime in with their ideas, so keep an eye out for that. With some brainstorming, you may find something that works for you.

 

Take care!

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