how to categorize inventory in quickbooks
If you are a business owner or accountant, you may need to know how to categorize inventory in QuickBooks in order to accurately track and manage your inventory. This is important for keeping accurate records of your inventory, as well as for tracking the cost of goods sold and other financial information related to your inventory. Knowing how to categorize inventory in QuickBooks can help you make better decisions about your inventory and ensure that your financial records are accurate.
Grace Everwood
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12 steps
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18 seconds
QuickBooks
1
Go to [https://quickbooks.intuit.com/](https://quickbooks.intuit.com/)
2
Click the “Gear” icon in the upper right corner of the screen.
3
Select “Products and Services” from the drop-down menu.
4
Click the “New” button in the upper right corner of the screen.
5
Select “Inventory Part” from the drop-down menu.
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Enter the name of the inventory item in the “Name” field.
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Select the appropriate “Category” from the drop-down menu.
8
Enter the “Description” of the item.
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Enter the “Quantity on Hand” of the item.
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Enter the “Reorder Point” of the item.
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Enter the “Total Value” of the item.
12
Click the “Save & Close” button.