Question

I run a small flour milling setupI want to record invoices and bills Want to record fixed and current assetsWant to record the produced flour n assets fixed n curent

Forum|Forum|1 year ago
May 29, 2025
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Want to manage finance and manage inventory Can get real time idea of how am I doing All these are possible when all the entries are recorded Entries like When I purchase wheat it should show in expense When I purchase other stuff for flour produced process everything is shown in expense When I do sales or invoice a sales everything should show on the balance sheet or other report thst show me actually figures so thst I can see if I am in profit or loss And all the inventory is also recorded All losses as wheat is lost in milling process

QuickBooks Online - International

F

FaithA

Hi, Syedusman. In QuickBooks Online (QBO) Plus or Advanced, you can track your inventory, enter invoices, and record bills effectively. This allows you to see how your wheat purchases and flour sales which impacts your overall finances. Here's a streamlined process to get you started:

Recording Wheat Purchases:
- Go to +New. Select Bill or Expense.
- Select your vendor, enter the amount for the wheat purchase, and choose the correct expense account.
- Save the entry.
Adding Wheat to Inventory:
- Navigate to Sales. Then, click Products and Services.
- Click New and select Inventory.
- Enter the details for wheat, including its purchase price and quantity on hand.
- Save this inventory item so that it can be tracked.
Recording Flour Sales:
- When you sell flour, go to +New. Then, click Invoice under Customers.
- Choose the customer, list the flour sold, and ensure it’s categorized as an inventory item.
- Save and send the invoice to the customer.

By handling your wheat purchases and flour sales this way, you’ll keep accurate records of your expenses and inventory, providing real-time insights into your business’s profitability.

You can also run a report to see your current and future finances. Refer to this article as a future reference: Use reports to track cash flow in QuickBooks Online.

Please don't hesitate to reply to this thread if you have more queries. We'll be here to assist you along the way.