QuickBooks 2014 The Guide, 2nd Edition

Chapter 15

Using QuickBooks to Manage Your Inventory

In this chapter:

•  Create inventory items

•  Complete a physical inventory

•  Adjust inventory quantities and costs

•  Run inventory reports

Accurately keeping track of the inventory items that you sell is no easy task. In fact, for many businesses, the warehouse can be a source of frustration and erroneous information. (The term “warehouse” is used generically here to indicate the place where you store inventory, but it may be your basement or garage instead of a real warehouse.) This chapter covers how to set up and make adjustments to your inventory. Chapter 11 covers what you need to know to purchase, receive, and manage your inventory.

What Is an Inventory Item?

An inventory item is ...