Skip to main content
April 7, 2022
Question

Hi there, How do I credit an inventory account and debit an expense account for the inventory that was given out for free?

  • April 7, 2022
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

April 7, 2022

Hi ivonne-kartaraha,

 

Welcome to Community!  It's great to hear that you provide promotional samples to your customers.  QuickBooks Online provides the ability to track these items with peace of mind.  I'll be happy to provide the information you need to reach your QuickBooks goals!

 

This process does have a few steps in order to set it up successfully and you can refer to this guide for reference.  It will take you through the process of creating an expense account, an invoice for the item and the journal entry to keep your books aligned.

 

Should you require additional assistance, feel free to contact us.  We'd love to have the opportunity to work with you in real time and ensure you're comfortable with the process.

 

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.

 

Please don't hesitate to reach back out if you have other questions.  We'd be happy to help!