QuickBooks POS: Inventory Purchasing Overview

Today we will talk about the overview of purchasing products for your store. Overview of purchasing in QuickBooks point of sale has two types of process, it’s the organized way and the fastest way. Let’s begin:

1. Purchase orders is where you will start the process of purchasing orders.

1. Vendors and Items, have it all here.
2. Purchase order is a document that you are going to send your vendors so that they can easily go through it and check everything off enter it on their system and it will be ordered.
3. It will also show here the date you ordered the item, which will help you track the item easily.
4. After you purchase order it will go directly to PO List.

1. As you can see on the icon it has number 6 on it, which means you have 6 open POs on your Purchase Order List.
2. You’re keeping track easily on what has been ordered.
3. It will show you what’s in the system and what you still need to receive.
4. This is an example of what’s inside the PO list.

1. Receiving Voucher is where you make the Purchase orders happen.

1. This is also use to update the Average unit cost, Order cost, and On-hand quantity of items received that are not on the purchase order.
2. This is a document signifying the reception of inbound goods for your retail store.
3. You use Receiving voucher to receive the items you ordered into inventory.
4. This is also use to record the return of item to a vendor, which subtracts the returned quantity from inventory.

• Fastest method: (especially if your customer is doing a phone call in ordering)

1. The fastest way and not the organize way in purchasing orders is doing all here in Receiving Voucher.

1. Fastest way because you didn’t undergo the step-by-step procedure in purchasing order.

Original Article: https://blackrockbusiness.com/quickbooks-pos-inventory-purchasing-overview/?feed_id=154&_unique_id=60b23d02d6750