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LisaG11
February 9, 2023
Question

Releasing Inventory

  • February 9, 2023
  • 1 reply
  • 0 views

We are an electrical contractor. We open sales order to keep track of inventory, both from our stock and purchased as well as labour on jobs. Some sales orders can stay open for months. Because quickbooks does not remove inventory from on hand until an invoice is complete we have started making $0 invoices to release the inventory, other wise our inventory on hand costing is very high and our system shows we have material on when when it has in fact left, and been installed in customer sites.

 

Because there are now multiple $0 invoices for 1 very large sales order our system has started having issues, for example if AR has the large sales order open, no one else is able to do anything in the system until they complete and close what they are doing.

 

Are we missing something? Is there an easier way? 

1 reply

T
Trish_T
February 9, 2023

Hi LisaG11,

 

It's great to see you reaching out to Community.  Welcome!  QuickBooks is a dynamic product with the features you need to establish your goals with confidence.  I'd be glad to help!

 

QuickBooks enables you to combine inventory items to specific products you complete.  When you build the product, QuickBooks automatically updates the stock of components you use, so you don't have to do it manually.  Here's a helpful guide for your reference.  However, if this isn't the best fit for your business, I suggest contacting us outside of Community.  We'd love the opportunity to work with you directly and provide other options so you can get back to business as soon as possible!

 

If you have any other questions, feel free to reach out again.  We're always happy to assist!

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