Learn QuickBooks Inventory Management

Learn QuickBooks Inventory Management, available at $54.99, has an average rating of 4.35, with 26 lectures, 1 quizzes, based on 123 reviews, and has 1065 subscribers.

You will learn about Perform Any Task Related To Managing Inventory / Merchandise Records Record Any Inventory Related Transacion Interpret Inventory Reports For Optumization Find And Fix Mistakes Related To Inventory Use Different Inventory Item Types In The Right Situation Find The Accounts In The Chart Of Accounts That Change When Inventory Changes Adjust Inventory For Unusual Situations Track Inventory Quantity After Each Purchase, Sale Or Return Make Item Receipts And Enter Related Bills Record Purchase And Sales Returns Use Unit Of Measure Feature Of Inventory Use The Price Levels feature Understand How Quickbooks Desktop Calculates Cost Of Goods Sold Understand The Weighted Average Costing Method Record Purchase And Sales Returns Of Inventory Record Advanced Payments And Prepaid Inventory Use The Periodic Inventory System With Quickbooks Make Inventory Monthly Adjustments Calculate Monthly Cost Of Goods And Gross Profit Periodic Adjustment Record And Track Prepaid Inventory This course is ideal for individuals who are Anyone who needs to manage inventory in their company or Anyone studyng for the certified quickbooks user exam or Anyone who needs to track quantity of inventory items or Anyone who needs to see cost, sales and profit for each separate inventory items or Anyone who needs to adjust inventory records for Theft, Damage or Obsolescence or Disaster or Anyone who needs to record purchase or sales returns of merchnadise or Anyone who uses "Price levels" for special customers or Anyone who needs to understand how Quickbooks Desktop Calculates changing purchase costs of inventory or Anyone using "non-inventory parts" or Anyone who needs to record purchase and sales returns and refunds or Anyone who sells in multiple units of measure for thier merhandise or Anyone who needs to predict the cost of goods sold for sales of merchandise or Anyone who wants to clearly understand the weighted average costing system or Anyone who's company needs to use the periodic inventory system for their company or Anyone who needs to do a monthly inventory adjusment to calculate cost of goods sold and gross profit or Anyone who prepays for their inventory It is particularly useful for Anyone who needs to manage inventory in their company or Anyone studyng for the certified quickbooks user exam or Anyone who needs to track quantity of inventory items or Anyone who needs to see cost, sales and profit for each separate inventory items or Anyone who needs to adjust inventory records for Theft, Damage or Obsolescence or Disaster or Anyone who needs to record purchase or sales returns of merchnadise or Anyone who uses "Price levels" for special customers or Anyone who needs to understand how Quickbooks Desktop Calculates changing purchase costs of inventory or Anyone using "non-inventory parts" or Anyone who needs to record purchase and sales returns and refunds or Anyone who sells in multiple units of measure for thier merhandise or Anyone who needs to predict the cost of goods sold for sales of merchandise or Anyone who wants to clearly understand the weighted average costing system or Anyone who's company needs to use the periodic inventory system for their company or Anyone who needs to do a monthly inventory adjusment to calculate cost of goods sold and gross profit or Anyone who prepays for their inventory.

Enroll now: Learn QuickBooks Inventory Management

Summary

Title: Learn QuickBooks Inventory Management

Price: $54.99

Average Rating: 4.35

Number of Lectures: 26

Number of Quizzes: 1

Number of Published Lectures: 26

Number of Published Quizzes: 1

Number of Curriculum Items: 27

Number of Published Curriculum Objects: 27

Original Price: $27.99

Quality Status: approved

Status: Live

What You Will Learn

Perform Any Task Related To Managing Inventory / Merchandise Records
Record Any Inventory Related Transacion
Interpret Inventory Reports For Optumization
Find And Fix Mistakes Related To Inventory
Use Different Inventory Item Types In The Right Situation
Find The Accounts In The Chart Of Accounts That Change When Inventory Changes
Adjust Inventory For Unusual Situations
Track Inventory Quantity After Each Purchase, Sale Or Return
Make Item Receipts And Enter Related Bills
Record Purchase And Sales Returns
Use Unit Of Measure Feature Of Inventory
Use The Price Levels feature
Understand How Quickbooks Desktop Calculates Cost Of Goods Sold
Understand The Weighted Average Costing Method
Record Purchase And Sales Returns Of Inventory
Record Advanced Payments And Prepaid Inventory
Use The Periodic Inventory System With Quickbooks
Make Inventory Monthly Adjustments
Calculate Monthly Cost Of Goods And Gross Profit Periodic Adjustment
Record And Track Prepaid Inventory

Who Should Attend

Anyone who needs to manage inventory in their company
Anyone studyng for the certified quickbooks user exam
Anyone who needs to track quantity of inventory items
Anyone who needs to see cost, sales and profit for each separate inventory items
Anyone who needs to adjust inventory records for Theft, Damage or Obsolescence or Disaster
Anyone who needs to record purchase or sales returns of merchnadise
Anyone who uses "Price levels" for special customers
Anyone who needs to understand how Quickbooks Desktop Calculates changing purchase costs of inventory
Anyone using "non-inventory parts"
Anyone who needs to record purchase and sales returns and refunds
Anyone who sells in multiple units of measure for thier merhandise
Anyone who needs to predict the cost of goods sold for sales of merchandise
Anyone who wants to clearly understand the weighted average costing system
Anyone who's company needs to use the periodic inventory system for their company
Anyone who needs to do a monthly inventory adjusment to calculate cost of goods sold and gross profit
Anyone who prepays for their inventory

Target Audiences

Anyone who needs to manage inventory in their company
Anyone studyng for the certified quickbooks user exam
Anyone who needs to track quantity of inventory items
Anyone who needs to see cost, sales and profit for each separate inventory items
Anyone who needs to adjust inventory records for Theft, Damage or Obsolescence or Disaster
Anyone who needs to record purchase or sales returns of merchnadise
Anyone who uses "Price levels" for special customers
Anyone who needs to understand how Quickbooks Desktop Calculates changing purchase costs of inventory
Anyone using "non-inventory parts"
Anyone who needs to record purchase and sales returns and refunds
Anyone who sells in multiple units of measure for thier merhandise
Anyone who needs to predict the cost of goods sold for sales of merchandise
Anyone who wants to clearly understand the weighted average costing system
Anyone who's company needs to use the periodic inventory system for their company
Anyone who needs to do a monthly inventory adjusment to calculate cost of goods sold and gross profit
Anyone who prepays for their inventory

This QuickBooks training course will give you everything you need to know about using the inventory module in QuickBooks Accounting desktop versions for windows. You will be an absolute expert in everything that relates to buying and selling merchandise when using QuickBooks. These videos will give you the clearest possible explanation for every topic covered.

You will learn in QuickBooks, how to add “non-inventory” parts to the items list and when to use non-inventory parts. It teaches how to activate the QuickBooks inventory module and what inventory activation does to the QuickBooks file. Every possible inventory transaction is covered in this course. This QuickBooks tutorial shows how to record sales both “on account” and for cash as well as purchases of inventory “on account” or for cash. It shows how to use the purchase order documents as well as purchase order reports to track back orders in QuickBooks. Sales orders and related reports are also discussed and demonstrated.

Merchandise returns are transactions that many people have trouble understanding. This course will make procedures for customer returns as well as returns to vendors perfectly clear and simple. You will receive a special demonstration on how to use the ‘units of measure” feature as well as the “price levels” feature so you can maximize the use of your inventory module and manage everything exactly how you choose to buy and sell your merchandise.

You will learn how to use inventory reports and how to find and fix inventory mistakes. At the end of the course, you will learn how to adjust inventory for unusual situations. You will also be shown a SPECIAL METHOD created by me to handle PREPAID INVENTORY transactions. The class gives real hands on practice with buying and selling transactions in QuickBooks.

This QuickBooks instructional series even teaches some basic accounting inventory concepts; specifically, the “Perpetual” inventory method of inventory valuation in QuickBooks. It will be understandable in common sense terms without accounting knowledge. You will also get an overview of other accounting theory that relates to inventory such as how QuickBooks Desktop will calculate changing purchase cost of merchandise using the “weighted average” costing method. You will also get the best explanation and demonstration of the other method of inventory coting, the “periodic” inventory method. These demonstrations will give you the ability to use the periodic inventory method and help you make your cost of goods sold adjustment to find your gross profit.

There are ‘follow along files” for each lecture so you can follow step by step. This makes learning QuickBooks Easy and fun.

The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise solutions.

I’m right here for you if you have any questions or need support. I hope you learn well and enjoy the course!

-Mark

Course Curriculum

Chapter 1: Here is everything you need to master iventory in quickbooks

Lecture 1: Welcome to QuickBooks Inventory

Lecture 2: Using "non-inventory" parts ( 2 sided items)

Lecture 3: Activating Inventory in QuickBooks

Lecture 4: Putting in Inventory Items

Lecture 5: Purchasing Merchandise For Cash

Lecture 6: Debits And Credits Of Selling Inventory -Perpetual System In QuickBooks Desktop

Lecture 7: Recording Merchandise Sales In QuickBooks

Lecture 8: Purchasing Merchandise "on account" (for credit)

Lecture 9: Receiving Merchandise Before Receiving The Bill

Lecture 10: Mix Practice With Inventory Transactions

Lecture 11: Recording Purchase Orders

Lecture 12: Recording Sales Orders

Lecture 13: Adjusting Inventory Quantity And Value

Lecture 14: Set Up Single Unit Of Measure

Lecture 15: Multiple Units Of Measure With Pre-Set Units

Lecture 16: Custome Units Of Measure And Bulk Sales

Lecture 17: Changing Purchase Costs And Weighted Average Inventory Method

Lecture 18: Price Levels For Inventory And Service

Lecture 19: RetroActive Purchase Cost Changes

Lecture 20: Refunding Cash And Credit Sales Of Merchandise

Lecture 21: Getting A Vendor Refund For Merchandise Returns

Chapter 2: Bonus Section – Accounting Theory Of Inventory Applied To QuickBooks

Lecture 1: Prepaid Inventory

Lecture 2: Bonus video- running balance for pre-paid inventory

Lecture 3: What Is The "Periodic" Inventory Method/System ?

Lecture 4: Demo Of Periodic Cost Of Goods Sold Adjustment With Amazon Store Example

Chapter 3: Bonus Section

Lecture 1: Bonus

Instructors

Mark Smolen
Professor of Computerized Accounting

Rating Distribution

1 stars: 1 votes
2 stars: 5 votes
3 stars: 17 votes
4 stars: 43 votes
5 stars: 57 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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