Rachel and Dan discuss the nuances of inventory tracking and how to turning off Inventory once it's been used.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday 

Earn CPE at Earmark for the workshop at: https://bit.ly/SofBCPE 

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00:00 Introduction and Workshop Overview
00:42 CPE Credits and Earmark
01:50 QuickBooks Online Inventory Management
02:49 Understanding Inventory Workflows
05:33 QuickBooks Online vs. Desktop
13:33 Product and Service Items in QuickBooks Online
18:40 Types of Items in QuickBooks Online
23:34 Adjusting Inventory Quantities and Values
26:07 Common Errors in Inventory Tracking
27:45 Nuances of Inventory Items in QuickBooks Online
31:21 Tracking Costs and Tariffs
38:15 Challenges with Cash Basis Reports
43:47 Final Thoughts and Upcoming Topics