Question

Explain the steps of inventory when using Quickbooks,

Explain the process of payroll when using Quickbooks.

Answer 1

1. steps iof iinventory iwhen iusing iQuickBooks

QuickBooks iOnline ihas ieverything iyou ineed ito imanage iyour iinventory. iTrack iwhat's ion ihand, iget ialerts iwhen iit’s itime ito irestock, iand isee iinsights ion iwhat iyou ibuy iand isell. iYou ican ialso ienter inon-inventory iproducts iand iservices iso iyou ican iquickly iadd ithem ito iyour isales iforms. iWe’ll ihelp iyou iset iit iall iup iand iget igoing.

Step i1: iTurn ion iinventory itracking

If iyou ihaven’t iyet, iturn ion ithese isettings iso iyou ican iadd iyour iinventory.

1. Go ito iSettings iand iselect iCompany iSettings.

2. Select iSales.

3. Select iEdit iin ithe iProducts iand iservices isection.

4. Turn ion iShow iProduct/Service icolumn ion isales iforms.

5. Turn ion iboth iTrack iquantity iand iprice/rate iand iTrack iinventory iquantity ion ihand.

6. Select iSave iand ithen iDone.

Step i2: iAdd iyour iinventory iproducts

Now iyou ican iadd iyour iinventory iitems ias iwell ias iother iproducts iand iservices iyou isell iinto iQuickBooks. iThis ilets iyou iquickly iadd ithem ias iline iitems ito iyour isales iforms.

Step i3: iKeep itrack iof iwhat isells

Once iyou iset iup iall iyour iinventory iproducts, iyou itrack ithem iwhen ithey isell. iThere iare itwo iways ito itrack iwhat iyou isell:

1. Create ian iinvoice iif iyou’ll iget ipaid ilater.

2. Add ia icash imemo iif iyour icustomer ipaid ion ithe ispot.

QuickBooks ithen idecreases iwhat’s ion ihand iby ithe iamount ion ithe iinvoice ior icash imemo.

Step i4: iRestock iyour iinventory

QuickBooks itells iyou iwhen iit’s itime ito irestock. iYou ican iorder iinventory iright iin iQuickBooks. iThen, itrack iwhat iyou ireceive ifrom isuppliers iand iwhat’s istill ion iorder. iWhen iyou ido, ithe iquantity ion ihand iautomatically iincreases iby ithe inumber iof iitems iyou ireceive.

Step i5: iUse ireports ito icheck ithe istatus iof iyour iinventory

Access ireports ito iinstantly isee iyour ibest isellers, iwhat’s ion ihand, icost iof igoods, iand imore

Process iof ipayroll iwhen iusing iQuickBooks.

1. Go ito iWorkers ior iPayroll imenu, ithen iselect iRun ipayroll.

2. Select ia ipay ischedule, iand ithen iContinue.

3. Select ithe iemployees iyou iwant ito ipay.

4. Verify iif iyou ihave iselected ithe icorrect ibank iaccount, ipay iperiod, iand ipay idate. iYou ican ialso imodify ithem ias ineeded.

5. Change iemployee's ipay imethod ias ineeded.

6. Enter ihours iworked iif iapplicable. iTIP: iyou ican ihide ior ishow ipay itypes iby iselecting ithe iSettings i⚙ iicon ibelow ithe iTOTAL iPAY.

7. Select iPreview iPayroll.

8. To iedit ior ipreview ia ispecific icheck, iselect ithe iEdit i iicon inext ito ithe icheck's inet ipay, ithen iselect iOK iwhen idone.

9. When iyou're iready, iselect iSubmit ipayroll.

10. You're iall iset! iTo iprint ipaychecks, iselect iPrint ipaychecks, ithen iFinish ipayroll.