Free Trial

Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.

  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 7: Stock Magic > Time for a Reality Check

Time for a Reality Check

remember.eps QuickBooks does a pretty good job of tracking stock, but you’re still going to have to make that complete annual check of what you have in stock. What we’re saying here is that you’re going to have to go over everything and count it by hand. Sorry. You just can’t avoid that chore.

tip.eps QuickBooks will produce a handy physical stock worksheet that you and your minions can use to count stock. To produce this report, choose Suppliers⇒Stock Activities⇒Stock Take Worksheet. Then, after QuickBooks produces an onscreen version of this worksheet report, click the Print button to print hard copies of the worksheet. You can use the printed worksheet to record actual physical counts of the stock items you hold.

After you make your count, what happens if your stock figures differ from those QuickBooks has? First, you have to decide who’s right: you or QuickBooks. You’re right, probably. Products get dropped. They break. And that means that you have to adjust the QuickBooks stock numbers.


  

You are currently reading a PREVIEW of this book.

                                                                                                                    

Get instant access to over $1 million worth of books and videos.

  

Start a Free Trial


  
  • Safari Books Online
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint