4.45 (89 reviews)
☑ 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
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!
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
Bonus video- running balance for pre-paid inventory
QuickBooks Inventory concepts test
The subject is clearly defined but the audio quality has an echo. It's a bit ignoring when listening for a long time.
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.
IT IS MY FIRST EXPEIRENCE DEALING WITH THIS BUT I FOUND IT VERY INTERESTING AND VALUABLE TO MY LINE OF WORK.
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)
This first part wasn't a great match because i am using the course to learn more about adjustments to inventory for inventory control.
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!
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!
The video did not show the items that I am needing to add to my quickbooks account and was not very helpful.