Your videos are amazing. Thanking you for sharing your knowledge on inventory.. I do not have any negative information when I run the Inventory Valuation. However, my value in the Valuation report does not match with that of the Balance sheet Inventory, as I am out by a small amount. I noticed that QuickBooks made adjustments in some of the opening inventory and posted these to Open Balance Equity. This amounts add to more than what I am out by. My question is how do I fix this and the Opening Balance Equity. Do I eventually have to do a Journal entry? Thanks in advance for your response.
All looks very interesting but in Desktop Premier Accountant 2021 for England, that button isn't there. We can't get that Enterprise version over here.
@@HectorGarciaCPA I wish Intuit would align all the versions, it would make things far easier for us lot ! Any country specific options could be turned off during setup and registration.
Sir, how can we compute for the lumber? There are different sizes. For example 2" x 5" x 12 ft = 10 Board feet . And the quantity is 10 pcs for the price of $1.50 per board feet. The total amount is $ 150 .
Sir I am facing a problem, that there is zero Quality in stock, but in show value of inventory in balance sheet.... How we can make zero this value. Please solve this problem.
Hello everyone, Currently i am using Quickbooks Desktop Pro 2021. How can i implement on a permanent basis special prices on certain products for a group of customers. Solution will be appreciated.
Can inventory quantities & custom pricing changes be done without going into 'single-user" - I have QB 2016 and this would be reason enough to upgrade --thank you
Hi. We are having an issue with the inventory assembly shortage by item report. Although it should show a shortage, the report is coming up blank. We’ve been on the phone with QB and Right Networks and no solution. Have you seen this issue or can you offer any suggestions? Thanks
@@HectorGarciaCPA thank you so much for taking the time to respond. The reason we think there should be is that the assembly requires boxes and there is no on-hand inventory of boxes.
But to your point, is that how the report behaves that it would be blank as opposed to showing data with zeroes? We are new to this so just trying to learn. Thanks
Hi, how to increase prices in % for available inventory in Quickbooks? Eg: current stock value $1 Million, Increasing Price 5%, after price revision the value should be $1.05 Million. Price revision don't apply for negative stocks. Could you please assist me accordingly.
I am very greteful to you.Thas to you, I was able to corect all the mistakes fir inventory adjustments.
Great
This looks great but how do you do this when you use lot numbers?
Have not tried it
Your videos are amazing. Thanking you for sharing your knowledge on inventory.. I do not have any negative information when I run the Inventory Valuation. However, my value in the Valuation report does not match with that of the Balance sheet Inventory, as I am out by a small amount. I noticed that QuickBooks made adjustments in some of the opening inventory and posted these to Open Balance Equity. This amounts add to more than what I am out by. My question is how do I fix this and the Opening Balance Equity. Do I eventually have to do a Journal entry? Thanks in advance for your response.
Adjust the open bal equity against CoGS. And also make the balance sheet match the valuation amount against Cogs
how can we fix and find out how the Average Cost of a Inventory part went negative?
You need to trace all the transactions, until you find the culprit
All looks very interesting but in Desktop Premier Accountant 2021 for England, that button isn't there.
We can't get that Enterprise version over here.
It’s a US thing probably
@@HectorGarciaCPA I wish Intuit would align all the versions, it would make things far easier for us lot !
Any country specific options could be turned off during setup and registration.
What CRM do you recommend to work with QuickBooks?
I like MethodCRM
Sir, how can we compute for the lumber? There are different sizes. For example 2" x 5" x 12 ft = 10 Board feet . And the quantity is 10 pcs for the price of $1.50 per board feet. The total amount is $ 150 .
Sir I am facing a problem, that there is zero Quality in stock, but in show value of inventory in balance sheet.... How we can make zero this value.
Please solve this problem.
Its s complicated one for sure! I dont have an easy solution
may i ask you a question on desktop quickbkkos? how I correct or delete a wrong invoice after entry
Just change it… it should let you.
Hello everyone,
Currently i am using Quickbooks Desktop Pro 2021. How can i implement on a permanent basis special prices on certain products for a group of customers. Solution will be appreciated.
Can inventory quantities & custom pricing changes be done without going into 'single-user" - I have QB 2016 and this would be reason enough to upgrade --thank you
Yes with Enterprise yes.
Do you have any experience with Connex software with Shopify?
I dont
i fixed all of my negative inventory, but I still have negative WIP and negative FG. anyone have any suggestions?
Hard to diagnose without looking at it
Can we purchase Quickbooks desktop from you..
Yes email ymoya@qbkaccounting.com
Hi. We are having an issue with the inventory assembly shortage by item report. Although it should show a shortage, the report is coming up blank. We’ve been on the phone with QB and Right Networks and no solution. Have you seen this issue or can you offer any suggestions? Thanks
Maybe you DONT have a shortage (the way its setup now)
@@HectorGarciaCPA thank you so much for taking the time to respond. The reason we think there should be is that the assembly requires boxes and there is no on-hand inventory of boxes.
But to your point, is that how the report behaves that it would be blank as opposed to showing data with zeroes? We are new to this so just trying to learn. Thanks
@@jacquelinepaige5059 if there is no shortage, then it would be zeroes
@@jacquelinepaige5059 are the boxes INVENTORY ITEMS?
Hi, how to increase prices in % for available inventory in Quickbooks?
Eg: current stock value $1 Million, Increasing Price 5%, after price revision the value should be $1.05 Million. Price revision don't apply for negative stocks. Could you please assist me accordingly.
There is no quick way to do this