QuickBooks Online Inventory Management

🎉 Course Title: QuickBooks Online Inventory Management

Course Headline:

Master Inventory Management in QuickBooks Online with Expert Insights!

Course Description:

📚 Dive into the World of QuickBooks Online Inventory Management: This comprehensive QuickBooks instructional course is meticulously designed for anyone looking to become proficient in managing inventory within QuickBooks Online Plus Version, Accountant's edition, or QBO Advanced. These versions are the only ones that offer advanced inventory tracking capabilities. By enrolling in this course, you will transform into an expert in managing merchandise transactions, including buying, selling, and everything in between using QuickBooks Online.

Course Highlights:

• Understanding Products & Services List: Learn how to add non-inventory parts to the items list and understand when to use them.
• Activating Inventory Module: Get step-by-step guidance on activating the QuickBooks inventory module for accurate tracking of quantities on hand.
• Inventory Transactions Mastery: Cover every conceivable type of inventory transaction, from recording sales to handling purchase orders and returns.
• Purchase Orders & Reports: Utilize the purchase order feature and reports to effectively manage back orders in QuickBooks Online.
• Handling Inventory Returns: Simplify the process of customer returns and vendor returns with clear, concise procedures.
• Inventory Adjustments & Reporting: Master inventory reports, identify and correct inventory-related errors, and learn expert methods for handling prepaid inventory transactions.
• Accounting Basics for Inventory: Grasp key accounting concepts related to inventory, including the perpetual inventory method and the basic principles without any prior accounting knowledge.
• Inventory Costing Methods: Understand both FIFO (First In, First Out) and periodic inventory costing methods, and learn how QuickBooks Online calculates COGS (Cost of Goods Sold).
• Practical Application in QuickBooks Online Plus: Although the course is tailored to QuickBooks Online Plus, the strategies and ideas apply to QuickBooks Online Accountant and Advanced.

Learning Outcomes:

• Gain a deep understanding of inventory management within QuickBooks Online.
• Learn how to record sales transactions and purchase orders accurately.
• Master inventory reports for better financial oversight.
• Implement the expert methods for managing prepaid inventory transactions.
• Adjust inventory levels for unique situations with confidence.
• Apply accounting theory related to inventory in a practical manner.

Instructor Commitment: I'm here to support you throughout your learning journey! If you have any questions or concerns, don't hesitate to reach out. My goal is to ensure you not only learn but also enjoy the process of mastering QuickBooks Online Inventory Management.

Enroll Now and Transform Your Inventory Management Skills with QuickBooks Online! 🚀

• Mark Smolenc