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Buy nowYes, there's another way to receive your inventory without creating a bill in QuickBooks, @osparkelo. And I'd be glad to share it with you.
In QBO, when recording a purchase order (PO), you'll need to create a bill, expense, or check to receive the PO. This way, you can add the PO as a line item and receive your inventory.
In your case, you can either create a check or expense to receive your PO. I'll show you how.
You can also check this link for more details about the process: Add purchase orders to expenses, bills, or checks in QuickBooks Online.
Furthermore, if you're not getting your inventory from a vendor, I recommend entering an inventory adjustment. This way, you can track your stocks without creating a PO and avoid duplicate entries.
Once you're all set, you might want to regularly run your inventory reports to keep track of your sales and the status of your inventory.
If you have any other queries about inventories in QBO, you can always add them in your reply. I'll be more than happy to work with you again. Keep safe and more power to your business!