• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Troubleshooting

Adding Inventory Items

When entering a cash payment for an inventory purchase, I entered the amount on the Expense tab of my Write Checks screen, rather than on the Items tab. What kinds of problems can this cause?

The problem caused by entering the purchase of an inventory item as an expense is that the item won’t be added to your inventory. QuickBooks has no way of tracking the quantity of the item or of advising you when it is time to reorder. Also, the expense goes right to your income statement as a current expense, instead of being added to your inventory as a company asset.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint