QuickBooks Online Inventory Management

Learn Every Possible Thing That You Could Ever Need When Managing Inventory In QuickBooks Online

Created by: Mark Smolen
Professor of Computerized Accounting

What Will I Learn?

• Every possible transaction and situation that could arise when managing inventory in quickbooks online
• How to garantee that your inventory records are always correct
• Interpret Inventory Reports For Optumization
• Find And Fix Mistakes Related To Inventory
• Use Different Inventory Item Types In The Right Situation
• Find The Accounts In The Chart Of Accounts That Change When Inventory Changes
• Adjust Inventory For Unusual Situations
• Track Inventory Quantity After Each Purchase, Sale Or Return
• Record Purchase And Sales Returns
• Understand How Quickbooks Online Calculates Cost Of Goods Sold
• Understand The "First-In_First_Out" (F.I.F.O.) Costing Method
• Record Advanced Payments And Prepaid Inventory
• Use The Periodic Inventory System With Quickbooks
• Make Inventory Monthly Adjustments
• Calculate Monthly Cost Of Goods And Gross Profit Periodic Adjustment

Requirements

• Basic Quickbooks Online Transactions Knowledge Or Experience
• Elementary school level math skills
• Basic computer skills

Target audience

• Anyone who needs to master every aspect of inventory in quickbooks online
• Anyone who needs to manage inventory in their company