QuickBooks for Mac 2014 User’s Guide 191
o For items you didn't sell, click the line item's entry and choose Edit > Delete Line.
o In the Memo field, enter the dates for the period you are summarizing.
When the price of an item changes
You must create a new sales summary template that reflects the new price. When you memorize the new
template, save it under the name you chose for the original template. QuickBooks will then replace the original
template with the new template.
Analyzing and adjusting your inventory
You can use inventory reports, the Items list, and the Purchase Order list to get information about your inventory.
Checking your inventory status
For any item in your inventory stock, you can get view the reorder point, current quantity on hand, average cost to
date, and quantity on order.
To check the status of a single item:
1 Choose Lists > Items.
2 In the list, double-click the inventory item whose status you want to check.
To check the status of your entire inventory:
1 Choose Reports > Inventory.
2 Choose one of the following:
o Stock Status by Item: Lists your inventory items alphabetically by item code.
o Stock Status by Vendor: Groups your inventory items by preferred vendor. This helps you reorder
easily.
3 To see which inventory items you need to reorder, look at the Order column. A check mark in that
column means that your stock of the item has fallen below your reorder point. To determine whether
you need to reorder, QuickBooks takes into account the quantity you currently have on order. If the
quantity on hand plus the quantity on order is less than the reorder point, QuickBooks puts a check
mark in the Order column.
4 To print the report, press Command-P.
5 To create a report that shows how QuickBooks calculated the average cost for a particular item,
double-click that item's entry in the report.
Creating a price list
QuickBooks automatically keeps track of the prices you charge for the items you sell. You can draw upon this
information to create a price list.
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