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Inventory Valuation

All versions of QuickBooks 2018 Desktop, with the exception of Pro, now have the ability to customize columns for your most important inventory reports. more

General Ledger

Murph takes a look at the two ways QuickBooks Enterprise can 'receive' against Purchase Orders, standard and enhanced. His conclusion for ProAdvisors: 'Don't think the word enhanced really means that it is.' more

General Ledger

Enhanced Inventory Receiving is a great feature offered in QuickBooks Enterprise when implemented and used appropriately. One of the requirements for using this feature is regular, on-going reconciliation. more

General Ledger

Inventory costing typically uses one of three methods, "Average Cost", "First-In, First-Out" or "Last-In, First-Out". In this article we will look at these three concepts and focus on 'Average Cost', next time we will look at FIFO and LIFO. more

General Ledger

Believe it or not, the concepts of 'inventory valuation' really stretch back to the bookkeepers working for both shippers (including Her Majesty's Royal Mail Ships) and Lloyd's of London (the first insurer of merchandise). more

People & Business

This article examines the concepts of how Average Cost and FIFO methodologies are applied in inventory systems, and explores how valuation differences, and COGS variations can occur when converting between methods. more

General Ledger

Here is the quickest way to identify and resolve inventory irregularities caused by inactivating items with quantities on hand. more

General Ledger 1 Comments

Two CDR tools and the Add/Edit Multiple List Entries feature ease the complexity of troubleshooting Inventory irregularities. more

General Ledger

QuickBooks Point-of-sale Guru Will English give us his best practices for physical inventories. While the article addresses inventory procedures for QuickBooks Point-of-sale, many of the principles apply to 'counting inventory' in general. more

Payroll & Merchant Services

In this article Joe Woodard explains the impact of negative inventory upon QuickBooks' Average Cost. more

General Ledger

In this multi-part series Joe Woodard teaches how QuickBooks computes and uses Average Cost, as well as how to troubleshoot various Average Cost related problems. more

General Ledger

In this first article concerning Inventory Add-in products for QuickBooks we not only look at the three major players in this segment, but undertake a brief review of Rapid Inventory which we wrote about last summer. more

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