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Listen "The Nuances of Inventory Tracking in QuickBooks Online"
Episode Synopsis
Rachel and Dan discuss the nuances of inventory tracking and how to turning off Inventory once it's been used.
Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday
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00:00 Introduction and Workshop Overview00:42 CPE Credits and Earmark01:50 QuickBooks Online Inventory Management02:49 Understanding Inventory Workflows05:33 QuickBooks Online vs. Desktop13:33 Product and Service Items in QuickBooks Online18:40 Types of Items in QuickBooks Online23:34 Adjusting Inventory Quantities and Values26:07 Common Errors in Inventory Tracking27:45 Nuances of Inventory Items in QuickBooks Online31:21 Tracking Costs and Tariffs38:15 Challenges with Cash Basis Reports43:47 Final Thoughts and Upcoming Topics
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