how to enter inventory into quickbooks
If you are a business owner or accountant, you may need to know how to enter inventory into QuickBooks in order to accurately track the cost of goods sold and the value of your inventory. This information is important for calculating the cost of goods sold, which is used to determine the profitability of your business. Additionally, tracking inventory in QuickBooks can help you identify any discrepancies between the physical inventory and the inventory recorded in QuickBooks, allowing you to make adjustments as needed.
Grace Everwood
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10 steps
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36 seconds
QuickBooks
1
Go to [https://quickbooks.intuit.com/](https://quickbooks.intuit.com/) and log in to your QuickBooks account.
2
Click the "Gear" icon in the upper right corner and select "Products and Services" from the drop-down menu.
3
Click the "New" button in the upper right corner.
4
Select "Inventory Part" from the drop-down menu.
5
Enter the name of the inventory item in the "Name" field.
6
Enter the description of the inventory item in the "Description" field.
7
Enter the quantity of the inventory item in the "Quantity on Hand" field.
8
Enter the cost of the inventory item in the "Cost" field.
9
Enter the sales price of the inventory item in the "Sales Price" field.
10
Click the "Save and Close" button.