QuickBooks Purchase reports FAQS

• In what way to Track Inventory in Quickbooks?
• Why is my Purchase/Sold reports showing zeros?
• When I receive using Purchase Order Verification, does it receive the inventory directly into QuickBooks?
• Does QuickBooks require to be open and running on the computers in the receiving area? I don't want my receivers to have access to QuickBooks

1. In what way to Track Inventory in Quickbooks?

Have you ever received a purchase order from a customer and wondered how much inventory you have on hand? Are you counting inventory to confirm you have sufficient to fulfill a customer's purchase order? Your QuickBooks software has inventory components like most accounting software; still, businesses often do not use the feature, due to a lack of instruction or training. Using your QuickBooks software, you can set up inventory, track quantities and manage orders and delivery dates from a few simple screens.

2. Why is my Purchase/Sold reports showing zeros?

The key factor for the Purchased/Sold report is that you are entering any menu item you receive (even if it’s product from your grow) as a Vendor Purchase. It updates you’re inventory as well as allows for the most accurateness in this report.

3. When I receive using Purchase Order Verification, does it receive the inventory directly into QuickBooks?

You have three options to configure Purchase Order Verification to report what is scanned through the receivers. It can moreover print a report of scanned items, send a note to the QuickBooks' To do list informing what was scanned, for which transaction number, when, and through whom or you can have Purchase Order Verification create an Item Receipt in QuickBooks reflecting what was scanned per vendor. The level of consequence your receivers will have on your inventory and accounting is up to you.

4. Does QuickBooks require to be open and running on the computers in the receiving area? I don't want my receivers to have access to QuickBooks.

No, QuickBooks does not have to be running to use our Verification software. Still, for the initial set up and configuration of Purchase Order Verification QuickBooks does need to be open and logged into Admin in Single User Mode to connect to the company file for the first time.