QuickBooks Inventory with QuickBooks 2011

Get the updated template here:
http://nerdenterprises.com/knowledge/2010/11/quickbooks-2011-inventory-adjust...


Get the original webcast (better quality) from the blog post here:
http://nerdenterprises.com/blog/2010/11/quickbooks-tutorial-inventory-with-qu...

As an accounting and bookkeeping service based in Burbank, CA I see a great deal of companies in a wide range of industries. Many of these companies are using QuickBooks for inventory. In fact I have specifically gone out of my way to reach out beyond the confines of Burbank, CA with my bookkeeping services because I have noticed that many people struggle with using QuickBooks for inventory. QuickBooks has some limitations when it comes to inventory but if your business and your inventory needs are fairly simple then QuickBooks works just fine for inventory tracking and inventory in QuickBooks 2011 has some nice new features which you will see demonstrated when you click below to watch the screen cast on Inventory with QuickBooks 2011.
When you are using QuickBooks for inventory there are two important things you should know. First, your inventory in QuickBooks will be tracked based on average inventory cost. This means that if I purchase 10 inventory items for $10 and then 10 more of the same inventory items for $20 before I have sold any of the inventory items, then my cost per unit when I sell the inventory items and any others until I purchase more will be $15 per item because that is the average cost of the inventory item:

read more:
http://nerdenterprises.com/blog/2010/11/quickbooks-tutorial-inventory-with-qu...

Category:

Howto & Style

Tags:

• QuickBooks Tutorial
• Inventory in QuickBooks
• QuickBooks 2011
• Inventory in QuickBooks 2011

[nerdenterprises]

@DanielSRichman That was a glitch in the video and I was too lazy to re-record and re-publish the video :(

[DanielSRichman]

Did you say faminous? LOL. I'm probably going to start needing these videos more and more as time goes on....