How to Add Inventory or Stock in QuickBooks Online | Lecture No 5: (QuickBooks Online 2024 Course)
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This is Lecture No. 5 for the QuickBooks Online Complete Course. In this video, we will discuss how to add stock/Inventory in Quickbooks online and what is the accounting treatment for adding stock in Quickbooks online.
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Add Stock in QuickBooks Online
Add Inventory in QuickBooks Online
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Difference between Stock and Non Stock Items in QuickBooks Online
Accounting treatment of adding stock in QuickBooks online.
Introduction to Customer & Account Receivable Section
Add Stock with Tax Inclusive
Add Category for Stock
Accounting Treatment for Opening Stock Inclusive VAT
Post Journal for Opening Stock Inclusive VAT
Add Stock with Tax Exclusive
Accounting Treatment for Opening Stock Exclusive VAT
Post Journal for Opening Stock Exclusive VAT
How to add Inventory items in QuickBooks Online
How to setup Inventory in QuickBooks Online
How to add inventory parts in QuickBooks Online
00:00 Introduction to Customer & Account Receivable Section
00:41 Add Inventory/Stock Items with Tax Inclusive
10:09 Add Category for Inventory/Stock items
11:25 Accounting Treatment for Opening Inventory/Stock items Inclusive VAT
13:59 Post Journal for Opening Inventory/Stock items Inclusive VAT
20:34 Add Inventory/Stock items with Tax Exclusive
23:59 Accounting Treatment for Opening Inventory/Stock items Exclusive VAT
25:04 Post Journal for Opening Inventory/Stock items Exclusive VAT