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Does QuickBooks Accountant has BOM function to track the Inventory & COGS?
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Let me share some information about setting up BOM in QuickBooks Online (QBO), budi-harto.
The Bill of Materials (BOM) is a list of raw materials, sub-assemblies/components, parts, and quantities to manufacture an end product. There isn't an option to directly setting up BOM in QBO.
As a workaround, you can set this up by creating items under the Products and Services. Then, create a bundle item and bills from those items.
Here's how:
- Click the Gear icon in the upper-right corner.
- Select Products and Services.
- Click the New button and select Inventory, Non-inventory, or Service.
- Enter the item details. Just reach out to your accountant if you're unsure of what Income and Expense account to use.
- Press Save and close.
Then, we can use them to create a bundle item and bills.
For more details about setting up and adding inventory items, check out these articles:
It would best to reach out to your accountant to see if they have a different way of setting up BOM.
I've got a link here that provides you with articles about managing your business in QBO: https://quickbooks.intuit.com/learn-support/help-articles/misc/03/help-articles-sg?label=QuickBooks%....
Fill me in if you need a hand with running financial reports or any QBO related. I'll be here to help. Keep safe and healthy.
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There is no assembly feature in QBO. You may need an inventory management app or a manufacturing app to integrate with your QBO.
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thank you Fiat Lux,
I am using QuickBooks Pro, when come to set the inventory item, i dont find any to set UOM (Unit of Measurement) for Stock in QuickBooks eg. kg, grams. litres, for Building of Material (BOM) - purposes)?
Why I want to set this UOM? it is because of cooking virtually purpose by using BOM eg. 1 bought 1kg chicken breast, but i only use 200 grams. How to set it in QBO?
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Your tag is QB Online.
You may have 2 options:
1. Upgrade to Premier edition and pick the Manufacturing and Wholesale edition to get the feature.
2. Purchase an inventory management app to integrate with your QBD.
If you run a restaurant business, there is a specific inventory management app for your needs.