QuickBooks for Mac 2014 User’s Guide 185
Hannah manages her inventory
After getting operationally prepared to order and
receive inventory, Hannah has a Grand Opening for
Hannah’s Illusion Supplies.
Send invoices to customers
Following a booming first week of almost 20 orders,
Hannah creates invoices to include with each shipment.
The invoices include inventory items she’s created.
QuickBooks automatically reduces her inventory by the
number of items she includes on the invoice. Find out
more about invoices on page 88.
Adjust inventory
Only a month after her grand opening, a pipe breaks in
Hannah’s storeroom and a dozen magic wands are damaged. Now she’ll have to make adjustments to her
inventory manually. With the sprinkler stopped and mess cleaned up, Hannah uses Vendors > Inventory Activities >
Adjust Quantity/Value by Hand and reduces the number of magic wands she has available by 12. Note that you
can also adjust value here, too. When you make an adjustment account, work with your accountant about how you
want to set that up.
Return inventory
The following week, Hannah notices that 3 of the top hats in a recent shipment are crushed, and she returns these
to Wright’s Top Hats.
She chooses Vendors > Enter Bills again, but this time selects Credit at the top and selects Wright’s as the vendor
and top hats as the items. QuickBooks decreases the quantity of Top Hats on hand and creates a credit that she
can apply to her next bill from Wright’s.
Keep track of inventory
Hannah keeps tabs on her inventory through the Inventory reports such as Inventory Stock Status by Item. She
can also print a Physical Inventory worksheet that she can use to take inventory manually.
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