Udemy

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Learn QuickBooks Inventory Management

Learn Every Possible Merchandise Inventory Situation In QuickBooks

4.45 (89 reviews)

Students

4 hours

Content

May 2020

Last Update
Regular Price

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What you will learn

Perform Any Task Related To Managing Inventory / Merchandise Records

Record Any Inventory Related Transacion

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

Make Item Receipts And Enter Related Bills

Record Purchase And Sales Returns

Use Unit Of Measure Feature Of Inventory

Use The Price Levels feature

Understand How Quickbooks Desktop Calculates Cost Of Goods Sold

Understand The Weighted Average Costing Method

Record Purchase And Sales Returns Of Inventory

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

Record And Track Prepaid Inventory


Description

This QuickBooks training course will give you everything you need to know about using the inventory module in QuickBooks Accounting desktop versions for windows. You will be an absolute expert in everything that relates to buying and selling merchandise when using QuickBooks. These videos will give you the clearest possible explanation for every topic covered.

You will learn in QuickBooks, how to add “non-inventory” parts to the items list and when to use non-inventory parts. It teaches how to activate the QuickBooks inventory module and what inventory activation does to the QuickBooks file. Every possible inventory transaction is covered in this course. This QuickBooks tutorial shows how to record sales both "on account" and for cash as well as purchases of inventory "on account" or for cash. It shows how to use the purchase order documents as well as purchase order reports to track back orders in QuickBooks. Sales orders and related reports are also discussed and demonstrated.

Merchandise returns are transactions that many people have trouble understanding. This course will make procedures for customer returns as well as returns to vendors perfectly clear and simple. You will receive a special demonstration on how to use the ‘units of measure” feature as well as the “price levels” feature so you can maximize the use of your inventory module and manage everything exactly how you choose to buy and sell your merchandise.

You will learn how to use inventory reports and how to find and fix inventory mistakes. At the end of the course, you will learn how to adjust inventory for unusual situations. You will also be shown a SPECIAL METHOD created by me to handle PREPAID INVENTORY transactions. The class gives real hands on practice with buying and selling transactions in QuickBooks.

This QuickBooks instructional series even teaches some basic accounting inventory concepts; specifically, the "Perpetual" inventory method of inventory valuation in QuickBooks. It will be understandable in common sense terms without accounting knowledge. You will also get an overview of other accounting theory that relates to inventory such as how QuickBooks Desktop will calculate changing purchase cost of merchandise using the “weighted average” costing method. You will also get the best explanation and demonstration of the other method of inventory coting, the “periodic” inventory method. These demonstrations will give you the ability to use the periodic inventory method and help you make your cost of goods sold adjustment to find your gross profit.

There are 'follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.

The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise solutions.

I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course!

-Mark



Screenshots

Learn QuickBooks Inventory Management
Learn QuickBooks Inventory Management
Learn QuickBooks Inventory Management
Learn QuickBooks Inventory Management

Content

Here is everything you need to master iventory in quickbooks

Welcome to QuickBooks Inventory

Using "non-inventory" parts ( 2 sided items)

Activating Inventory in QuickBooks

Putting in Inventory Items

Purchasing Merchandise for cash

Recording Merchandise sales in QuickBooks

Purchasing Merchandise "on account" (for credit)

Receiving Merchandise before the receiving the Bill

Mix Practice with inventory transactions

Recording Purchase Orders

Recording Sales Orders

Adjusting Inventory Quantity and value

Prepaid Inventory

Bonus video- running balance for pre-paid inventory

QuickBooks Inventory concepts test


Reviews

F
Faustin4 June 2021

The subject is clearly defined but the audio quality has an echo. It's a bit ignoring when listening for a long time.

D
Dale10 March 2021

I am new to Quickbooks so at the start the instructor starts fast assuming we now how to start well i didn't but froze it to get it.

D
Dawn11 June 2020

IT IS MY FIRST EXPEIRENCE DEALING WITH THIS BUT I FOUND IT VERY INTERESTING AND VALUABLE TO MY LINE OF WORK.

P
Paige8 October 2019

The course was good however it did not specify that this course was for desktop before I purchased it. It was incredibly difficult to follow along on quick books online as some functions are not available (sales orders, item receipts)

M
Mark14 February 2019

This first part wasn't a great match because i am using the course to learn more about adjustments to inventory for inventory control.

I
Ivana11 July 2018

Another great course by Mark! It really covers all the topics and any potential issues you might have when dealing with inventory in QB. The explanations are clear, to the point and easy to understand and follow. Fully applicable to the real world. Highly recommendable!

D
Daniel30 January 2018

I am a degreed accountant with even experience in cost and general accounting. Needed to know the ins and outs for QB intermediate user. Good job Mark!

B
Brett19 September 2017

The video did not show the items that I am needing to add to my quickbooks account and was not very helpful.


708118

Udemy ID

12/28/2015

Course created date

11/21/2019

Course Indexed date
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