Call QuickBooks Phone Number @ 1- 800-524-1870 to Set up the Bill of Product for Material Goods in QuickBooks Desktop

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In this post we will update you about manufacturing of components in your manageable inventory. This can be applied in QuickBooks Desktop, QuickBooks Enterprise or QuickBooks Accountant. 

If you are a newcomer into the field of QuickBooks for the products you were manufacturing. QuickBooks allows you to merge the parts of inventory so that you can make up a product. We will update you about listing up of components so that you can build a product. 

If you will still face the issue while performing these steps you can contact on QuickBooks Phone Number, our executives will revert you in no time.

To generate an inventory list to keep record of your bill of materials.

You can add your bill of materials using an item known as inventory assembly. Once you are over with adding of inventory list, you can use this item to start making your product.

• In the Lists menu, click on Item List.

• Choose the Item drop-down menu and then click on New. Then, choose Inventory Assembly.

• Add the name of your product name or number of the product building.

• If you are purchasing from a vendor, click on I purchase this assembly item from a vendor. 

• Add the Cost. That added cost will be the total cost of all the parts in the bill of materials. Or it can also be included in other expenses.

• In Cost of Goods Account drop-down menu, click on Cost of Goods Sold. 

• QuickBooks uses this account to keep record of the cost of products you sell.

• You can also add a summary of this product.

• Add the Sales Price. Then, click on the Income Account drop-down menu and search for the account you use to keep record of the sales from finished goods. 

• Under Bill of Materials, choose the items you use to create. You can also modify the quantity and unit of measure of each item.

• Under Inventory Information tab, add the following:

o Asset Account : QuickBooks uses asset account to keep record of the total cost of finished goods in your inventory. You can choose an account QuickBooks already set up for you. Or go to the top of the drop-down menu and click on Add New

o Build Point (Min) : This is the minimum point where you should build more of this product. QuickBooks uses this to give you the reminder when is the time to build.

o Max : The maximum number of this product to build.

o On Hand : The existing quantity of product you have on hand.

o Total Value : Total value is the total cost of finished goods you have in your stock.

• Click on OK.

Hope, you are satisfied with our post. If you still face the same issue you are free to contact us at QuickBooks Phone number @ 1-800-524-1870 and you can also drop a mail to us at support@quickbooksupport.net.

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