CPAacademy.org | MANAGING INVENTORY IN QUICKBOOKS DESKTOP

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Managinginventoryinquickbooksdesktop avalara selfstudy

MANAGING INVENTORY IN QUICKBOOKS DESKTOP - PART 1

Cost Free

CPE Credits 1.0 hour

Subject Area 1.0 - Computer Software and Applications

CE Credits 0.0 hours

Course Level Basic

Instructional Method Self Study

Prerequisites None

Advanced Preparation None

Who Should Attend Bookkeeper
CPA - small firm
CPA - medium firm
Other

Course Description

This session will focus on understanding the entire workflow related to managing inventory in QuickBooks Desktop (for all versions: Pro, Premier, and/or Enterprise)

Inventory vs. Non-Inventory parts, and how it affects the general ledger

Organizing your Item list with Custom Fields

Managing Multiple Units of Measure (Premier and Enterprise)

Inventory Assembly and Bill of Materials (Premier and Enterprise)

Basic Non-Posting Transactions: Estimates, Purchase Orders, and Pending Invoices

Sales Orders, Picklists, and Sales Order Fulfillment Workflow

Posting (Inventory Affecting) Transactions: Item Receipt/Bill, Checks & Credit Card Charges with Inventory Items, Invoices, and Sales Receipts

How to use the Inventory Center

Making Inventory Adjustments

Inventory Reports

Part II coming in 2019!

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.

FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

Understand how quickbooks interacts with items in transactions to post inventory asset, sales, and cost of goods sold into the general ledger.
Learn about non-posting (admin/operating) transactions and posting (ledger-affecting transactions).
Learn how to manage inventory valuation and adjustments for the balance sheet.

Hector Garcia, CPA

Hector Garcia, CPA
Principal Accountant and QuickBooks Trainer
hector@qbkaccounting.com
(954) 414-1524

Hector is a CPA practicing as an Accountant and QuickBooks Trainer/Consultant in Davie, Florida, at his firm Quick Bookkeeping & Accounting LLC. Before working in public accounting, Hector worked in the accounting & financial departments of several fortune 500 companies, including Best Buy, Circuit City, Bank of America, and Wells Fargo. Hector’s passion is in training; it comes from his successful career in which he applied his philosophy of continuous learning and sharing experiences with co-workers. Currently, Hector teaches QuickBooks and Excel in his Doral, Florida training center almost every weekend. Hector is married with four children, and lives in Weston, Florida. Hector is fluent in Spanish and English.

Frequently Asked Questions

To receive CPE credit, you must register for the webinar before it starts.
CPE is available to all eligible participants within 24 hours of each webinar.
To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.

Handout Materials

Presentation Slides

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Sponsor

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