Inventory Valuation in Quickbooks

Jul 28, 2005 3 Replies

Can anyone tell me how to properly sync changes in inventory quantity with my Inventory Asset account in Quickbooks? RMS properly debits / credits per each transaction, but i'm uncertain how my initial overall inventory value figure is posted. I had hoped this would occur during the physical inventory process, but this doesn't seem to be the case.



Thanks in advance!



I don't believe that there's any way to automatically sync Phys. Inventory results to Quickbooks. As far as I know, the only solution would be to make manual adjustment entries in QB. However, when you calculate a Physical Inventory, it DOES display the overall value change being applied, making the value to be posted readily available.

Sorry there's not a better answer...

It may be possible to create an Add-In to RMS that would extend the accounting integration, but I'm not aware of any that do so. You might want to check

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for an extensive list of available add-ins from many sources.

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