Category: Inventory
Calculating QuickBooks Reorder Points
Last week in my posting on Understanding QuickBooks Reorder and Build Points I talked about how QuickBooks uses the Reorder Point in reports to tell you when to reorder purchased parts. Today I will discuss some ideas on how to select a reorder point for your items.
Understanding QuickBooks Reorder and Build Points
It’s never a good idea to run out of important inventory items that you resell or use in manufacturing. In simple inventory control systems we often set a minimum stocking level that is used to generate a warning when an item falls below a particular on-hand balance, so that you can order (or build) more [...]
Multiple Part Numbers for the same QuickBooks Item
There are times when you have an inventory part in your QuickBooks item list that you want to refer to by different ID’s in an invoice. Sometimes the customer wants THEIR part number on the invoice, for example. How can you handle that with QuickBooks? If you have a “Widget” but one customer wants to [...]
Outsourced or Sub-Contract Work in QuickBooks
Many manufacturing (and other) businesses send materials out to another firm to perform some intermediary processing of the item. This can be plating of a component part, populating a PC board with circuit components, and many other tasks. I’ll give you some ideas of how you might handle this in QuickBooks.
Why Won’t QuickBooks Let Me Build This Assembly?
Computer programs can be frustrating when they don’t let you do what you want. They are supposed to be a tool that helps you run your business! One complaint that I hear often from QuickBooks manufacturing users is that the program won’t let them build an assembly when they can see that they have the [...]
Manufacturing WIP in QuickBooks
Tracking Work in Progress (WIP) in a manufacturing business can be complicated, depending on the characteristics of your manufacturing process. For an extremely oversimplified definition we can say that WIP is where you are taking items out of your raw material (component) inventory, but haven’t yet put it back into your finished goods inventory. I’m [...]
QuickBooks Groups for Custom Manufacturers
Most QuickBooks users think of Group and Inventory Assembly items as an “either-or” decision – use one or the other. There are times, however, when we can mix the two items to solve problems in QuickBooks. This is particularly useful for custom manufacturers – businesses that produce custom variations of their finished product for each [...]
Groups vs Assemblies in QuickBooks
QuickBooks provides two item “types” that can have a list of component items – an Inventory Assembly and a Group. How do they differ, and when is it best to use one instead of the other? Today I’ll list the features of each and how you can use them.
Tracking QuickBooks BOM Revisions
In most manufacturing businesses you will find that the structure of the Bill of Materials for items will change over time. Today I’ll discuss how QuickBooks deals with these changes.
QuickBooks Manufacturing Bill of Materials
In my post on QuickBooks manufacturing basics I discussed the essential nuts and bolts (sorry for the pun) of building assemblies in QuickBooks. Today I’ll talk about structuring your bills of material (BOM’s). A BOM is a simple thing, right? You want to build something, you just enter in the list of all the parts [...]
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