QuickBooks Inventory Setup, SKU Organization, and ReconciliationQuickBooks Inventory Setup, SKU Organization, and Reconciliation
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Fatima's avatar
Fatima Akbar
• 2d
The client's inventory wasn't organized. Products weren't consistently recorded, there was no SKU structure, and the system's stock figures didn't match what was physically on the shelves. That made it hard to know what they really had, what it was worth, and what their cost of sales should be.
What I did
Chose the right tool. I recommended QuickBooks Plus, which handles inventory tracking properly, rather than patching up spreadsheets.
Built the product list. I added every product to the system and allocated a clear SKU to each one.
Sorted the inventory. I organized the stock records so each item could be identified and tracked.
Reconciled to a physical count. I compared the system quantities with the actual stock on hand and resolved the differences.
QuickbooksAccountingBookkeepingFinancial Analysis
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