Inventory
# Inventory After reading this material, you'll be able to set up and manage inventory products in QuickBooks Online, track stock levels as you buy and sell items, and generate reports on your inventory balance. The chapter covers using the Products & Services list to establish inventory items, creating Purchase Orders to track pending deliveries, and applying the FIFO (First In, First Out) method to calculate the cost of goods sold when items leave your inventory. You'll also learn to adjust inventory quantities when needed and use the Inventory Asset and Cost of Goods Sold accounts that QuickBooks Online automatically creates to record the financial impact of your inventory transactions.
In this chapter
- Tracking Inventory with QuickBooks Online
- Setting up Inventory Products
- Calculating FIFO Inventory
- Using Purchase Orders
- Selling Inventory Products
- Updating Inventory Calculations
- Adjusting Inventory
- Inventory Reports