How to manage your QuickBooks advanced inventory?

what is the use of QuickBooks advanced inventory and what is the benefits of it? and how to manage the QuickBooks advanced inventory?

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If you use the advanced inventory then you will also work on the managing it. basically, in the management system, you manage the inventory location and purchase and sales report, first in first out costing, serial numbers and lot numbers and many more thing. You can prepare your managing report of all kind of data and related things. It is a way to arrange the data in Queue and when we found a data then we find it easily with the help of management system and it is also a data securing way.

There are basic steps for managing the advanced inventory.

  1. With the help of Bin location tracking.
  2. You may use your Barcode Scanning feature for Increase efficiency and reliability for all inventory data entry by scanning items and serial numbers without touching a keyboard.

  3. Use FIFO Costing, it’s a first in and first out process with the help of FIFO you can switch between two methods at the same time.

  4. If you want to manage your advanced inventory you may Track Serial Numbers or Lot Numbers at the time of purchase, transfer, or sale.

  5. With the help of Track Inventory in Multiple Locations, you can see how many items are on hand, on sales order, on the purchase order, and your reorder point.

  6. Transfer Inventory from One Location to Another

  7. Flexibility to Set Up Various Types of Locations

  8. And Track Your Inventory Data in One Place

For more help about managing advanced inventory then visit QuickBooks online support or call @ +1-844-551-9757

 

Answered on July 26, 2017.
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