I want to monitor my inventory level every month. My type of business is buy and sell of inventory items. When a purchase order is received, I order the same to my supplier. However, there are times that I deliver a qty less than the order.
By way of example, a customer orders 12 pcs of item A but my on-hand qty is 10 pcs only, and so I deliver 10 pcs only but when I receive my order from my supplier, then I have to make another delivery to my customer. In this regard, I have two delivery receipts to my customer. How do I post in my quickbooks databse? Likewise, this is also similar to my supplier, if they have a staggered delivery based on 1 purchase order, how do I post it in my quickbooks database? Meaning to say, I have several delivery transactions in just one purchase order, either to my customer or from my supplier.
I hope you can assist me on this matter.
Thank you very much
In order to track inventory in the manner that you require, you need to use QuickBooks Premier. Unfortunately QuickBooks Pro and QuickBooks Online do not track backorders which is what you need. In addition, you can also run an inventory stock status report by item or by supplier that will provide you with your onhand status versus what you have on order from your customers.
You can learn more about QuickBooks Premier here:https://quickbooks.intuit.com/desktop/?highlight=premier.
All the Best-
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.