January brought forth some new enhancements to Inventory Tracking in QB Online: Item Receipts, Sales Oder Enhancements, Physical Counts, and new costing methods. Rachel and Dan will discuss them in this workshop.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners.

Learn More about the Bookkeeping 4 Contractor's Group: https://snip.ly/WSWB4CG 
Earn CPE at Earmark for the workshop at: https://bit.ly/SofBCPE 
BOGO: Get QBO Advanced and School of Bookkeeping together! Learn more here: https://snip.ly/bundle 

Brought to you by http://www.schoolofbookkeeping.com - Keep Learning QuickBooks - Your Way!!

00:00 Welcome and Audio Check
02:11 Inventory Updates Overview
02:55 When QBO Inventory Works
03:37 Bundles vs Kitting Reality
09:04 Omnichannel Needs External Apps
13:33 QBO as Financial Destination
14:18 Inventory Feature Comparison
16:37 Why Inventory Is Worth It
18:09 Sales Orders Arrive in QBO
20:10 Available vs On Hand Quantity
23:05 Sales Order Visibility Gaps
25:26 Navigating Sales Orders List
26:47 Sales Order Gaps
28:02 Shipping Workflow Focus
29:04 Give Feedback in QBO
29:37 Item Receipts Explained
30:30 Why Separate Receiving
32:43 Inventory Receiving Method
34:10 Bills Hit Offset Account
38:35 Creating Item Receipts
41:57 Can You Turn It Off
45:32 FIFO vs Moving Average
49:25 Final Takeaways and Next