Check out the newest inventory updates this month to QuickBooks Online.

• Four new sets of inventory features

  • Done-for-you inventory quantity adjustments: This capability reduces the manual data entry required for inventory quantity adjustments. Your warehouse staff can upload a physical inventory worksheet after completing a cycle count, and the physical counts will be automatically extracted and prefilled in your Inventory Quantity Adjustment transaction form.
  • Moving Average Cost (MAC) accounting method: For businesses with non-perishable goods and/or stable turnover, MAC accounting helps smooth out price fluctuations. MAC accounting can also provide a more realistic reflection of current inventory values and market conditions to promote more accurate financial reporting and improved decision making.
  • Item receipts: Support for item receipts helps your business create a documented record of received goods, ensuring accurate quantity tracking, alignment with purchase orders, and reduced processing times.
  • Sales order improvements: These enhancements give you more flexibility and improved tracking for items promised to your customers. New capabilities within sales orders include custom fields, smart search functionality, adding attachments, support for bundles, and converting Sales orders to POs.

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