Premier does, but. In QB an assembly item is a finite relationship.

I only need it about 6 -7 months a year so hate to have to buy the online product pay monthly Which quickbooks desktop will track inventory I see where an online version will.

Thank You.

I bake crackers and want to keep track of those crackers once they are bagged.

How do I do that I dont see how it has tracking capability Ideally I can add all the ingredients for this product and then QB reduces inventory for the ingredients automatically.

Yes it could, but you would go crazy trying to keep up with it.

QB does not handle waste, and trying to track a pinch of salt is impossible Best to post all purchases for the ingredients to COGS, and use a service type item for sales, that also means you do not have to track sell by date and do inventory adjustments.

Would I set up each item in the inventory as non-inventory and for each of those I choose COGS as the account I need an accurate cost for making the crackers so I know how much to charge when I sell them.

Can I even account for the water Can you further explain the service type item.

Set up an assembly for the recipe including the packaging and a new inventory item for the packaged crackers, either by package, box or carton however it comes off the line.

I would define the inventory card and set up a separate GL account for Finished Goods Inventory thereby separating your raw material inventory from your finished goods product.

The cost of the packaged product will be the accumulated costs of all product used in your assembly.

Keep in mind you do not want to record your purchases in Cost of Sales.

Your purchased inventory needs to be posted to a GL Account called Inventory in the Balance Sheet.

When you sell a given product the entry will be a double sided entry.

Cash debit, Sales credit, along with the following entry Inventory credit, Cost of Sales Debit.

This Generally Accepted Accounting Principle results in maintaining a perpetual inventory system rather than a periodic system where you have to adjust purchases and inventory at the end of the month.

Perfect work I would be able to get a report telling what items I would need to reorder.

I use the square for every sale at the show it gives my the total of the sale and after the sale reports.

I visited with a vendor that was using the intuit product for credit cards but I did not asked if it was for cards only or if she entered all sales.

I am planning to take a couple QB classes but spoke with a few people that had taken the same course they said inventory was not discussed.

Do not set up a second inventory account, there is no reason to, and it usually leads to problems and issues later on.

And you never use inventory asset in a transaction of any kind either.

Gaap is not a required standard unless you are listed on the market and subject to the SEC regulations, and the IRS does not accept all of the so called gaap standards.

There is no required inventory valuation or tracking method, periodic and perpetual are both fine and accepted This is a wasted explanation since you marked this as using pro - pro does not have the assembly item.

Premier does, but.

In QB an assembly item is a finite relationship.

Quickbooks For Mac Inventory