QuickBooks is often regarded as one of the best accounting tools due to its user-friendly and innovative interface, and a plethora of features. It constitutes a perfect option in the industry for middle to small-sized businesses. It has a vast clientele, though many of them do not fully explore its potential as a powerful automated solution for their daily accounting problems. However, it is essential to know every bit of useful information about the software on which your daily operations are staked. So today, we will talk in detail about the steps to set up inventory in QuickBooks Desktop.
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What are the benefits of setting up the inventory?
There are a number of advantages to count after setting up the inventory in your QB Desktop application. Take a look at them before you head towards the setup process.
- Ease in tracking the inventory from multiple locations and check on every item.
- It reduces the data entry errors and speeds up the picking process with mobile inventory barcode scanning.
- With customizable inventory reports, you can collect and overview the contents of the report easily and anywhere.
- You can look over the inventory picking in real-time while using QuickBooks.
- You can easily transfer the items between inventory sites and track them to the specific bins in the warehouses.
- Manage the items on the inventory by lot numbers or serial numbers.
How to turn on inventory in QB Desktop?
In order to switch the inventory on in your QuickBooks Desktop, follow the below-mentioned points step-by-step.
- Open your QuickBooks application and go to the Edit Menu.
- Now click on Preferences, and as the window turns up, select the Items and Inventory option on the left pane.
- Select the Company Preferences tab and check-mark the Advanced Inventory is enabled option.
- Click OK.
Here comes the end of our blog. We hope that the content written in the post will be sufficient to answer the question of how to set up inventory in QuickBooks Desktop. However, if you face any inconsistency in-between the process or have any query that is not mentioned in the blog, you can call us on (844)-888-4666 and get the best free expert support on the line anytime 24*7.
