I'll share additional information about how inventory works in QuickBooks, rsalinas.
QuickBooks Desktop only updates the inventory quantities and value as you track every purchase and sale. As mentioned above, the program is unable to automatically decrease the measurement of that certain item once we split it into halves.
You'll want to enter the items that are already processed. This way, you'll have accurate records of your inventory. QuickBooks Desktop updates inventory quantities and value as you track every purchase and sale. Here's how to do it.
- Select Lists from the top menu bar.
- Choose Item List.
- On the Item List window, select Item then New.
- Select the type of item you want to create.
- Fill in the item fields.
- Select Custom Fields if you want to add your own customized fields.
- Click Save when you're done.
In QuickBooks Desktop Enterprise, you can use the Advanced Inventory feature that enables you to perform these task:
- FIFO costing
- Multiple location inventory
- Bar code scanning
- Bin or lot tracking
- Serial or lot numbers
I'll be right here to keep helping if you have any other concerns or further questions about inventory. Stay safe and healthy.
