Welcome back, @Heather5586.
I've come to share some information about tracking inventory in QuickBooks Online (QBO).
The inventory tracking feature is only available in the Plus and Advanced versions of QBO. In your case, you'll need to have this option to register the items you're reselling as an inventory. This way, QuickBooks will report your sale and expense transactions appropriately.
If you're ready to upgrade your subscription, you can follow the detailed steps below:
- Sign in to your QBO account as an admin user.
- Click the Gear icon, then select Account and Settings.
- Go to the Billing & Subscription menu.
- In the QuickBooks Online section, select Upgrade your plan.
- Choose a plan that is suitable for your business.
- Follow the on-screen instructions to upgrade.
After upgrading, you can now set up and track inventory in QBO. You may also know how inventory tracking impacts your balance sheet and profit and loss reports.
Come back to this post if you need further details about inventory tracking. I'm still open to your replies, @Heather5586.
