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July 28, 2021
Question

Can you set up inventory in QBS Plus

  • July 28, 2021
  • 1 reply
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What are the accounting entries inQBS Plus for inventory

1 reply

July 28, 2021

Hello chris107,

 

Glad to learn you're using QuickBooks to keep track of your transactions. The program is great for businesses that are looking to streamline their business using the helpful features offered in QuickBooks. I'll be glad to share more information about setting inventory in QuickBooks Online Plus. 

 

Inventory management is currently available on our QuickBooks Online Plus subscription package. In case you're looking to upgrade to this package, check out this article here that shows you how to do this with ease. Here's how to turn on the inventory feature:

  1. Navigate to Settings ⚙ > select Account and Settings.
  2. Click on Sales.
  3. Select Edit ✎ in the Products and services section.
  4. Turn on Show Product/Service column on sales forms.
  5. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
  6. Hit Save and then Done.

Once you've turned on the inventory, I encourage you to check out the following articles that show you how to:

To learn more about making the right accounting entries for your inventory, I encourage you to reach out to n accounting professional for expert advice. You can search for one on our site using this link here. Let me know if this info helps. I'm here to help you reach your QuickBooks goals.