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AmandaEQ
February 14, 2024
Question

Does QB invoice from inventory in order of PO date received?

  • February 14, 2024
  • 1 reply
  • 0 views

For example, if I bring in an item at one cost and receive into inventory, then bring in the same item but cost went up so it will be received at a higher cost. I now have the same item at 2 different costs. When I invoice a customer, will it pull from inventory in order of date received? Will it deplete the lesser cost first?

1 reply

E
ErwinQ
February 14, 2024

Hello there, AmandaEQ.

I'm here to share some insights about the inventory.

QuickBooks Desktop calculates the value of your inventory by taking into account the cost of each item as well as the total quantity of items in stock. This is known as the weighted average cost method, and it is the preferred method used by QuickBooks Desktop instead of the FIFO method.

Additionally, you may visit this article for more details:
Understand inventory assets and cost of goods sold tracking.

You may check this link as well for future reference: Use reports to see your sales and inventory status.

If you have any further questions or concerns, please don't hesitate to reply to this message. I'm available to help.

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