Original ten part series > QuickBooks Desktop (CDN) Inventory Parts Series
QuickBooks Desktop (CDN) Inventory Parts Series
Availability: in stock

All three videos are available on Vimeo

November 14, 2012 Part 1/3 Introduction to Inventory Parts 

November 21, 2012 Part 2/3 Buy and Sell including retail cash register sales 

November 28, 2012 Part 3/3 Adjust, Reconcile and Report   

 

When it's time to report on the change from last year to the end of the next period, whether it's a month or a year, there's more than counting involved.  It's necessary to record write-downs for loss in value, stolen, lost, or obsolete products.

In Part 1/3

we review how the inventory parts Items are set up, matching the Items to the Balance Sheet, Income and COGS. We look at the Inventory Centre, the Item LIst, types, hierarchy, order of hierarchy, as in what comes first, the size, style, color or type of product, list management, naming, merging and Units of Measure.

Part 2/3

is about buying and selling inventory, including retail cash register sales

Part 3/3 

is about reconciliation, adjustments and reporting on inventory activities. We establish how to report on the continuity of inventory for GAAP and T2125 reporting purposes, using the formula of Opening + Purchases - Adjustments - Ending = WAC of goods sold + Adjustments = COGS.  Not sure what that means? That means this series is for you.

 




 

 

 

 
 
 
 
 
 
 
Copyright 2003-2018  Eileen Reppenhagen   Site Accessibility    Privacy policy    More legal stuff    Contact

Disclaimer: This website does not research or endorse any product or service appearing in links or advertisements anywhere on this site. 

I consider requests to update a particular page if there's an error or new information worth adding.

CRA has updated their website. If the link has a note that it's been archived, it's likely in their new Folio's or will be in the Folio's in the future.

If someone were to make an offer to purchase the rights to TaxDetective (Trademarked in Canada), I'm open to offers. 

Please do NOT rely on or use the information on this website as a basis for a course of action without obtaining appropriate professional advice, in writing. 

All Intuit®, QuickBooks® Software,Quicken® Software and Profile® Software trademarks remain the property of their respective holders, and are used only to describe the products discussed on this website.

Any usage of the above-mentioned marks anywhere in this website in no way indicates any relationship, endorsement, or affiliation with the holders of said trademarks other than specifically stated, for example, Certified QuickBooks ProAdvisor.