QuickBooks Online Inventory Management

Learn Every Possible Thing That You Could Ever Need When Managing Inventory In QuickBooks Online

4.80 (62 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
instructor
QuickBooks Online Inventory Management
341
students
4 hours
content
Aug 2023
last update
$64.99
regular price

What you will learn

Every possible transaction and situation that could arise when managing inventory in quickbooks online

How to garantee that your inventory records are always correct

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

Record Purchase And Sales Returns

Understand How Quickbooks Online Calculates Cost Of Goods Sold

Understand The "First-In_First_Out" (F.I.F.O.) Costing Method

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

Why take this course?

This QuickBooks instructional course will give you everything you need to know about using the inventory section in QuickBooks Online Plus Version, Accountant's edition or QBO Advanced. These are the only subscriptions that track inventory quantity. You will be a great expert in everything that relates to buying and selling or generally managing merchandise when using QuickBooks Online. These videos will give you the best possible explanation for every topic covered.

You will learn about the list of products and services in QuickBooks online. This will enable you to add “non-inventory” parts to the items list and when to use non-inventory parts. It shows how to activate the QuickBooks inventory module for tracking quantities on hand for your merchandise. Every conceivable inventory transaction is covered in this course. This QuickBooks tutorial shows how to record sales both for credit with invoices and for cash as well as purchases of inventory "for credit with vendor bills" or for cash. It will show how to use the purchase order feature and purchase order reports to track the back orders in QuickBooks Online.

Inventory returns are transactions that many people have trouble understanding. This course will make procedures for customer returns as well as returns to your vendors in a clear and simple way.

You will see how to use inventory reports and how to find and fix inventory related mistakes. You will learn how to adjust inventory for uncommon situations. You will also learn my expert method, created by me, to handle PREPAID INVENTORY transactions.

This QuickBooks Online training course also teaches some basic accounting inventory concepts; All accounting programs use the "Perpetual" inventory method of inventory costing. It will be clear in common sense terms without any accounting knowledge. You will also receive an overview of other accounting theory that relates to inventory. You will leanr things like how QuickBooks Online will calculate the changing purchase cost of merchandise using the “first in , first out” (F.I.F.O.) costing method. You will also learn, in the best possible way, the other method of inventory costing, the “periodic” inventory method. So, if you need to, use the periodic inventory method and help you make your cost of goods sold adjustment to find your gross profit.


The course has been made with QuickBooks Online Plus Version. However, the ideas apply to QuickBooks online accountant and Advanced.

I'm always available if you have any questions or concerns. I hope you learn well and enjoy the course!

-Mark

Screenshots

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Reviews

Casey
February 11, 2023
VERY MUCH CLEAR AND AUDIBLE VOICE. AS WELL AS VERY DETAILED EXPLANATION ON EVERY ASPECT. REALLY LIKED IT. LOOKING FORWARD TO GET MORE TUTORIALS FROM HIM. GREAT WORK. THANKS FOR ALL THE EFFORTS
Mark
April 29, 2022
It was a good balance. I felt it went a little long on some topics that I thought were pretty simple. But overall very informative with a good pace.
Edwin
April 10, 2021
This course has been very helpful in understanding/ inputting transactions. The instructor is very clear and explains the lessons very well. Really enjoying the lessons so far!
Ivana
June 13, 2020
Very practical and to the point. Transactions that are often moot in practical day-to-day running of the business are also included. Everything is presented in a clear and easy-to-follow way.

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Related Topics

3133152
udemy ID
5/16/2020
course created date
7/24/2020
course indexed date
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