If you want to use the Inventory module in QBO, you need to have the QBO Plus subscription or higher. If you need a new QBO account, make sure you get the best deal on QBO for a full year here: www.claracfo.com/QBO

Inventory is anything that you buy from vendors (or make yourself) and sell to customers. Knowing how inventory works in QBO can help you track, measure, and report your inventory correctly. This video will help you understand how inventory flows through QBO.

0:00 Inventory overview
1:20 Screenshare of QBO - where to find inventory
2:34 Creating new inventory items
7:36 Selling inventory items - invoicing
8:40 Accounting effect of selling inventory
9:49 Buying new inventory - bills
12:00 Accounting effect of buying inventory
14:54 What to do as you scale
16:50 What QBO level has inventory?

To learn more about CFO services, go to: [ Ссылка ]

💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! [ Ссылка ]

🙋‍♀‍Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: [ Ссылка ]

💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! [ Ссылка ]

(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)

Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at [ Ссылка ]

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

CODE: TFZZTS9IS62XJJCX, YJSHXKP9AIEEIWBW

свернуть