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December 18, 2020

How to record stock given to customers as free samples

  • December 18, 2020
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Business owner often gives out a lot of freebies or free samples to attract customers. This can be tracked in QuickBooks Online using Stock Qty Adjustment feature. Here are some easy steps to record stock given to customers as free samples:

  1. Go to Get paid & pay and select Products and services (Take me there).
  2. Select an existing stock (or create a new stock).
  3. Select + New.
  4. Select Stock Qty Adjustment.
  5. Under the Stock adjustment account dropdown arrow, select then stock adjustment account.
  6. Under the Product column, enter quantity on hand (Note that QuickBooks Online will auto-calculate the change in quantity).
  7. Select Save.
  8. You can see the change in quantity on Product and Services tab.