QuickBooks Point of Sale is an application that was created to assist small business owners with keeping the track of inventory and sales. Business owners can utilize the program to count the sales of their products, and also know in real-time how much inventory remains. It is designed to serve as an alternative to cash registers that are traditional as well as work with the other QuickBooks Accounting software. The use of the program for inventory management is designed to simplify the process when inventory is entered in the program, all modifications to inventory status are automatically updated.

Creating a QuickBooks POS Inventory Item

Start QuickBooks Point of Sale, and then select “New Item” from the tab that says “Inventory” on the main menu. Add the information you would like to include on the item you want to add to your inventory. Indicate the department in which the item is a part and it’s name, and any other pertinent information regarding it, like the color, size and brand name, other details. You can also upload an image of the item.

Never run out of inventory

Indicate the amount of the item you have on hand. Once you’ve added the amount, QuickBooks Point of Sale will update every when you sell an product. QuickBooks Point of Sale also lets you create an alert to reorder once the amount drops below the desired level.

Keep track of cost and price

Incorporate all details for the cost of the item as well as the price of the purchase for yourself. The price for the item will apply to the sales of the item, while the cost of the order will allow you to keep track of profits and loss every time you need to replenish the inventory of the item. Make sure you save the data after you have added every item. In the event that you do not save the information, it could lead to the loss of everything you’ve added.

Track everything in your store

Continue to add information about every inventory item. After you’ve added all of the product details that you want to include Click the “Item List” under the tab that says “Inventory.” This will let you see every item that are in your inventory, and allow you to edit any items.

Keep up to date on trends and information

Choose the Reports menu at the top of your screen, then select “Items.” This will let you review inventory reports. Choose the report you would like to read, and then click “View Report.” You can also alter the reporting dates you wish to review by clicking “Modify Reports.”