How to maintain inventory?

Hello, @hr25-futureplace.

I'm here to provide some information about using QuickBooks to manage your inventory.

QuickBooks Online Plus has a built-in inventory feature that enables you to automatically track inventory. Let's first make sure that inventory tracking is turned on in your account. Here's how:

1. Go to Settings ⚙.
2. Choose Company Settings.
3. From the Sales menu, select Edit ✎ in the Products and Services section.
4. Turn on Show Product/Service column on sales forms.
5. Turn on both Track quantity and price/rate and Track inventory quantity on hand.
6. Click Save and then Done.

Once completed, you can now start adding your inventory items as well as other products and services you sell into QuickBooks. You can refer to this article for more detailed instructions: Set up and track your inventory in QuickBooks Online.

Just a heads-up, QuickBooks always considers the first items you purchase as the first items you sell. Also, there are specific built-in reports that you can generate to see your best sellers, what’s on hand, the cost of goods. I've added these articles for more insights about these processes:

• What is FIFO and how is it used for inventory cost accounting?
• Use reports to see your sales and inventory status
• Adjust inventory quantity on hand in QuickBooks Online

Get back to us here if you have other questions about tracking your inventory. I'm always here to help.