Skip to main content
B
Ben2023
August 17, 2023
Question

How to move overstock from a project to inventory.

  • August 17, 2023
  • 1 reply
  • 0 views

Hello!

I'm fairly new to Quickbooks online and need some help from the community. I have use the inventory and project features of Quickbooks online. Most of the material we use on our projects is purchased specifically for that project however we often buy some materials in bulk or we may not end up using all of the material purchased. When we have materials that are unused, how can I remove them from the project and add them to inventory? Here is an example to help explain.

For project A we require 15 plugs. Plugs are sold in boxes of 10 so we buy 20 plugs. This is reflected in Quickbooks as an expense from our supplier to Project A. Now when the 5 plugs which were not used come back to the shop how can I, in Quickbooks, move those items from Project A into our inventory so they can be used on another project?

Thanks so much for your help!

1 reply

T
Trish_T
August 17, 2023

Hi Ben2023,

 

Welcome to Community!  The Projects feature in QuickBooks Online is a great way to keep track of your customer jobs.  Creating transactions within the project, COGS and inventory will automatically be affected and tracked, as it pulls the information from your QuickBooks setup.

 

One way to track the inventory left on hand, would be to create an Estimate at the beginning of the project, then proceed to create invoices from that estimate using Progress Invoicing.  If this isn't quite what you're looking for, I suggest taking a look at other options with third party apps, for inventory management.  

 

Should you require additional assistance, please don't hesitate to contact us.

 

Schedule a Callback or start a Chat: click (?) Help in the upper right in QuickBooks Online > enter "Contact support" > hit Contact Us > provide a brief summary of your situation > hit Let's Talk > choose Get a callback or Start a Chat.

Social Media: Facebook, Twitter, and Instagram.

Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.

 

Feel free to reach back out with other questions.  We'd be happy to help!

 

 

Terms & ConditionsAccessibility statement