entering manufactured items

Jan 16, 2008 2 Replies

hello,



i currently use quickbooks pro 2007, and until recently, we have been purchasing wholesale items, and reselling them. this has worked fine for us, however, we are now manufactures of these products now.



question: how exactly do we setup the inventoried items now that we no longer purchase them, and how to we track associated expenses to these items? i suppose ideally, we would like to track costs of goods sold for each item produced.



thanks in advance :)



Dave.



The simpliest model would have you booking your raw materials to COGS. Then periodically do a physical inventory and adjust your Inventory & COGS account for the change in Inventory.

No the simpliest model is to upgrade to QB Premium so the OP can perform assemblies.

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