Category - QuickBooks

QuickBooks accounting products: Online, desktop and point of sale

QuickBooks

Manufacturing WIP in QuickBooks

Tracking Work in Progress (WIP) in a manufacturing business can be complicated, depending on the characteristics of your manufacturing process. For an extremely oversimplified definition we can say that WIP is where you are taking items out of your raw material (component) inventory, but...

QuickBooks

QuickBooks Groups for Custom Manufacturers

Most QuickBooks users think of Group and Inventory Assemblyitems as an “either-or” decision – use one or the other. There are times, however, when we can mix the two items to solve problems in QuickBooks. This is particularly useful for custom manufacturers – businesses that produce...

QuickBooks

Groups vs Assemblies in QuickBooks

QuickBooks provides two item “types” that can have a list of component items – an Inventory Assembly and a Group. How do they differ, and when is it best to use one instead of the other? Today I’ll list the features of each and how you can use them. Inventory Assembly Item If...

QuickBooks

What is the QuickBooks TLG File?

When you create a company in QuickBooks there will be several files created. One has a file type of “QBW” – that is your actual company data file. Another that is created has a file type of “TLG”, and that is the source of some confusion as well as some misunderstandings. Let’s review a...

QuickBooks

Setting Up Sales Tax in QuickBooks

I see a lot of questions about sales tax in the Intuit Community forums, so I’ll give a quick overview of how to set it up in QuickBooks. Some Concepts If you are going to charge sales tax on an invoice, several things must be set up: The sales tax preference must be enabled. You need one or...