How do I enter inventory before I receive the invoice?

Entering inventory before receiving the invoice (bill) in QuickBooks Online (QBO) is easy, and I'm here to show you how, @r-lawcock-pensto.

You're able to track your inventory before you receive the invoice (bill) from your vendor by creating a purchase order (PO) transaction in QBO. Then, convert it to a bill so you can track what you've received from your vendor. To do this, here's how:

1. Go to the + New button.
2. Select Purchase order.
3. From the Vendor drop-down, select the vendor.
4. Review the Mailing address.
5. Enter the Purchase Order date.
6. In the Item details section, enter the products you purchase. 
7. When you're done, select Save and close.

Then to add a purchase order to a bill, here's how:

1. Go to the + New button.
2. Select  Bill.
3. From the Payee drop-down, select the vendor. This opens a window with their open purchase orders.
4. Select Add for the correct purchase order. This adds the items from the purchase order. They appear in the Item details section.
5. If you plan to bill a customer for a specific item, select the Billable checkbox. Then add the customer you plan to bill in the Customer column.
6. Select Save and close.

Also, you can use reports to get helpful insights on the things you buy and sell and the status of your inventory. To know which reports to pull up depending on what kind of info you want to see, I'd recommend checking out this article: Use reports to see your sales and inventory status.

If you have other concerns about managing your inventories in QBO, please don't hesitate to drop a comment below. I'm always here to help. Take care, and I wish you continued success, .@r-lawcock-pensto.