This document provides an overview of how inventory is tracked in QuickBooks POS, including:
1) Inventory quantities and costs are automatically updated in real-time as items are received and sold.
2) Items can be organized into departments and styles to more easily manage related merchandise.
3) Different POS document types like receipts and vouchers affect inventory in different ways.
4) Setting up items, departments, vendors and attributes allows generating useful reports to manage the business.
WebBPoS is a web–based state of the art Point of Sale system that delivers the speed and flexibility needed for any kind of retail establishments with multiple sales counters. WebBPoS is designed to help retail businesses with keeping track of customers, items, and sales. WebBPoS extends companies to the Internet or Intranet and provides business owners with real–time decision–making information.
WebBPoS has Procurement Management, Inventory Management and Billing modules and provides interfaces to financial accounting systems.
WebBPoS is well integrated with POS hardware. Though it has thin client / web based architecture, the billing is developed as a Rich internet Application (RIA) to give thick client advantages for quick billing.
GoEasyPOS provide a wide range of ready-made POS Software | POS Machine | POS Hardware and POS Terminal, peripheral point of sale devices and software at best price. For more detail please visit www.goeasypos.com.
WebBPoS is a web–based state of the art Point of Sale system that delivers the speed and flexibility needed for any kind of retail establishments with multiple sales counters. WebBPoS is designed to help retail businesses with keeping track of customers, items, and sales. WebBPoS extends companies to the Internet or Intranet and provides business owners with real–time decision–making information.
WebBPoS has Procurement Management, Inventory Management and Billing modules and provides interfaces to financial accounting systems.
WebBPoS is well integrated with POS hardware. Though it has thin client / web based architecture, the billing is developed as a Rich internet Application (RIA) to give thick client advantages for quick billing.
GoEasyPOS provide a wide range of ready-made POS Software | POS Machine | POS Hardware and POS Terminal, peripheral point of sale devices and software at best price. For more detail please visit www.goeasypos.com.
We designed a very effective Point-of-Sale module for retail outlets or supermarkets.
It runs in offline mode thus giving a better user experience.
It has hardware integration which allows integration with Cash box, printer, scanner, Weigh scale, vfd customer display.
It is fully integrated with the inventory app and accounting app.
It means that any transaction that you make with your the POS will automatically be input into your inventory management and accounting.
"Point Of Sale Software|Web Based POS System|Touch Screen POS|eXert POS "eXerterp
eXert POS Is a Point Of Sale Software,Web Based POS and Touch Screen POS.eXert POS is a system suited for online and offline retail chains of restaurants, hotels, fast food chains Etc. eXert POS system replaces a conventional cash register
A point of sale (POS) is an area wherein a purchaser executes the charge for goods or services and where income taxes can also come to be payable. A POS transaction may also arise in person or on-line, with receipts generated either in print or electronically. Technology Counter offers the best Point of sale software India with the top Point of sale software features that comes at an affordable POS software India price.
Effiasoft's Just Billing Retail POS is a unique Windows Software and Mobile App specially designed for Retail Stores. Just Billing makes your business easy and quick, with this software you can manage your business with just one click.
Just billing provides services from point of sale billing to GST Return filing like GST invoice, inventory management, business accounting, expenses management, purchases recording, customer loyalty management, customer feedback etc.
visit: https://effiasoft.com/billing-erp-software/retail-software/
We offer Retail POS Systems that are suitable for small businesses or even multi-store chain operations. We combine customized Retail POS Software, and retail Point of Sale equipment to provide a complete POS Solution for your business
Gaze IT Solution's is a diversified global software trading and IT outsourcing company that gives both offshore and onshore technological solutions to business enterprises around the world. Gaze IT has proven expertise in encompassing low cost, but high quality and reliable software solutions and services in areas like IT consulting, offshore web development and business applications including Retail, Supply Chain Management, Accounts, POS Hardware, POS Accessories many other business systems.
Volanté represents the next generation in restaurant Point of Sale management systems for the Edmonton food service industry. Read more : http://iqbusiness.ca/restaurant-point-of-sale-canada
We designed a very effective Point-of-Sale module for retail outlets or supermarkets.
It runs in offline mode thus giving a better user experience.
It has hardware integration which allows integration with Cash box, printer, scanner, Weigh scale, vfd customer display.
It is fully integrated with the inventory app and accounting app.
It means that any transaction that you make with your the POS will automatically be input into your inventory management and accounting.
"Point Of Sale Software|Web Based POS System|Touch Screen POS|eXert POS "eXerterp
eXert POS Is a Point Of Sale Software,Web Based POS and Touch Screen POS.eXert POS is a system suited for online and offline retail chains of restaurants, hotels, fast food chains Etc. eXert POS system replaces a conventional cash register
A point of sale (POS) is an area wherein a purchaser executes the charge for goods or services and where income taxes can also come to be payable. A POS transaction may also arise in person or on-line, with receipts generated either in print or electronically. Technology Counter offers the best Point of sale software India with the top Point of sale software features that comes at an affordable POS software India price.
Effiasoft's Just Billing Retail POS is a unique Windows Software and Mobile App specially designed for Retail Stores. Just Billing makes your business easy and quick, with this software you can manage your business with just one click.
Just billing provides services from point of sale billing to GST Return filing like GST invoice, inventory management, business accounting, expenses management, purchases recording, customer loyalty management, customer feedback etc.
visit: https://effiasoft.com/billing-erp-software/retail-software/
We offer Retail POS Systems that are suitable for small businesses or even multi-store chain operations. We combine customized Retail POS Software, and retail Point of Sale equipment to provide a complete POS Solution for your business
Gaze IT Solution's is a diversified global software trading and IT outsourcing company that gives both offshore and onshore technological solutions to business enterprises around the world. Gaze IT has proven expertise in encompassing low cost, but high quality and reliable software solutions and services in areas like IT consulting, offshore web development and business applications including Retail, Supply Chain Management, Accounts, POS Hardware, POS Accessories many other business systems.
Volanté represents the next generation in restaurant Point of Sale management systems for the Edmonton food service industry. Read more : http://iqbusiness.ca/restaurant-point-of-sale-canada
To help you analyze deeply sale activity and develop future market strategies for your store, we strongly recommend Magento 2 Advanced Report Extension by LandOfCoder (our Magento extension website)
Using this extension, you will have a chance to get:
- 28+ Report Types to explore sales over a period of time, break it down by category and product
- Comprehensive sale overview
- Report drill down to explore data fast and easily
- Advanced report to trace your sales performance in a real-time mode
- Profit-calculating formula
- Google Analytics-like visualized sales data metrics and charts
- Option to filter data for different time
VIEW DETAIL: http://bit.ly/2uRGEEO
Presentation from LBSi SAP Business One User Group December 2012. Inventory Management in SAP Business One. Learn how to setup inventory and perform cycle counts.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
5. Stay current with “Live” Information Item Quantities On-hand quantities are updated in real time as retail activities such as receiving and selling merchandise, are recorded. If using networked workstations within a store, changes at one workstation are instantly reflected at other workstations and on reports. Track and Control Costs As merchandise is received and vouchers created, QuickBooks POS automatically updates average unit cost Tracking Inventory
6.
7. Work Efficiently with Groups of Related Items Work with “Item Styles” (Pro Feature) A style is a group of items varying only by size, color, or some other attribute, such as a line of shoes in several sizes and colors. Styles can be easily viewed and processed as a group using a size/color grid, as shown below. Even a simple grid can display a lot of information about its items, such as on-hand quantity and totals by size, color, and for the entire style. Tracking Inventory
14. Click this button to toggle between the “pane” view and the “list” view Entering all the items you carry in your inventory into QuickBooks Point of Sale can be time consuming. The amount of time it takes depends on the number of items you have and the level of tracking detail you desire. Whether you enter each item individually or import them all from a spreadsheet, it is important to plan ahead and define your items in the way that works most effectively for you. Drag and drop columns, right click to customize Overview Click here to edit the items information
15. Each item must be unique. QuickBooks Point of Sale will not allow you to create two or more inventory rows with the same entries in the Department, Vendor Code, Item Name, Size, and Attribute fields. These are the key fields that define an item. The other inventory fields (such as Item Description are there to assist you in describing the item, but are not used for defining a unique item. Understanding which fields are useful to you will streamline your inventory and provide better reporting. For additional information, refer to the help menu. Item Definition
16.
17. Department: In most retail businesses, related merchandise is grouped into departments . Establishing and using departments is a good way to monitor past sales performance and manage your current inventory, which will help you to make informed buying decisions. Item Definition
18. Vendor: Each item can have a vendor assigned. By assigning a vendor, QuickBooks Point of Sale can track merchandise by vendor when it is ordered, received, or sold. Item Definition
19. Item Name : is the primary description for the item and is the description your customer will see on receipts. Item Definition
20. Item Description: A description field usually used for recording any additional information to describe this particular item. Often used to record additional information at the point of sale. Item Definition
21. Attribute : A field used to describe an item characteristic, typically color or a second size. One to twelve characters. Item Definition
22. Size: The size of an item: one to twelve characters. This field can also be used to describe a second item attribute other than size if desired. Item Definition
23. UPC: Universal Product Code. Products may or may not come pre-assigned with UPCs. If you would like, you can scan this barcode into QB POS and can be used in place of a QB POS assigned item number. Item #: This is a system-assigned number that is unique to your business. This can be in printed in barcode format. These can be used in place of the UPC. Alternative Lookup: Additionally, there is an alternative look-up field, where you can use another look-up number other than the UPC or item number, such as a supplier catalog number. Item Definition
24. Tax Code: A drop-down list containing each of the tax code names defined in company preferences. Item Definition
25. Serial # Tracking: Specify if you want to be prompted to enter a serial number when the item is listed on documents. Item Definition
26. Many retailers sell merchandise that is grouped into styles. A style is a group of inventory items that share the same basic item information but differ in one or two traits, such as size, color, pattern, etc. For example, Baseball Gloves might come in 2 types (lefty and righty) and 5 sizes, resulting in a style grid with 10 distinct items: When reviewing on-hand quantities or making a purchase order, it can be very helpful to view and work with all the members of a style at the same time. Style Definition
27. In most retail businesses, related merchandise should be grouped together into departments, that is, manageable categories to help you monitor past performance and make future buying decisions. By designing your departments carefully, you gain great flexibility when selecting and summarizing data for reports. A typical retailer can use about 10 to 20 departments, but the right number varies for each company. Departments
28. By spending the time to define your departments and vendors, you can get meaningful reports that give you the information you need to run your business. Inventory, sales and other reports can be grouped, sorted and filtered by these classifiers. Reports
29. Item List Report The report display can be customized to display the descriptive fields that best define your inventory. Reports can be filtered to include only certain criteria, such as specific departments, or only merchandise supplied from certain vendors On-hand quantity, cost, and price information displayed with item descriptions for merchandise. Reports are organized as a list of all items (itemized) or grouped by similar merchandise that varies only in some attributes, such as size or color. Useful Inventory Report
30. Reorder Point Report The information in the report display columns can be sorted on any descriptive column you have defined. This can be useful to group similar merchandise. Filter the report to show only items that have an on-hand quantity of 0 or 1 to find the most critical reorder items. Useful Inventory Report
33. Useful Purchasing Reports Purchase Order Detail Report The information in the report display columns can be changed to reflect the information that is most pertinent for your business. Filter the report for item attributes if you need to know which purchase order placed the order for the item. Purchase Order Detail Reports will show you a list of orders hat you have submitted to vendors. This is your “plan” for merchandise you expect to receive. The reports can be with or without item detail. They show you the date of the order as well as quantity due and expected cost to you.
34. Useful Purchasing Reports Receiving Detail Report Change the display to sort on purchase order number, voucher date, or voucher number as desired. Filter for a specific item if you want to know the last time it was received. The Receiving Detail Report lists vouchers that has been received by your store and added to inventory. The reports can be displayed with or without item detail. You can find out the actual cost of merchandise you have received into inventory for a specific time period.
35.
36.
Editor's Notes
NOTES TO THE INSTRUCTOR: These training materials are for QuickBooks Point of Sale Version 8.0 , released in September 2008. These slides are not meant to serve as stand-alone training materials. They are designed to accompany an interactive training presentation led by a QuickBooks Point of Sale expert*. Copies of these slides appear in the participant’s guide, which serves as a useful reference after the class is completed. Before presenting these slides, the instructor should be familiar with the topics covered and prepared to answer questions that participants may have about these topics. Much of the training presentation should be interactive – the instructor should encourage participants to follow along at their workstations whenever possible. Remember that these slides are meant to guide the instructor through training participants in QuickBooks Point of Sale. While the training is designed to last approximately 2-3 hours, the instructor may choose to cover some of the material in greater/less detail to adhere to different time requirements. DATA FILES: Throughout most of the presentation, the trainer can use the practice file, Al’s Sports Hut, to demonstrate workflows in POS. Al’s Sports Hut can be opened by clicking the Practice QBPOS link on the home navigator. In the first exercise, the students will create a new company file called Benny’s Electronics. This new company file will be used for all of the remaining exercises. During the training students will toggle back and forth between Benny’s Electronics and the practice file, Al’s Sports Hut. USING THE EXERCISE BOOKLET: The exercise booklet is designed to facilitate learning of the most common tasks in POS. Some workflows (e.g. making a return receipt) can be accomplished in several different ways (e.g. going to the Point of Sale menu or going to the I Want To menu). When possible, encourage students to seek out the workflow that makes the most sense to them. The exercise booklet should be printed out and distributed to trainees at the beginning of the presentation. *Looking for a QuickBooks Point of Sale expert to deliver training at your SBDC? We have a nation-wide team of QB POS experts who can help! Members of our Retail Solution Provider team draw their expertise from years of IT and retail experience, and they can provide reliable, local product support to you and your clients. To get in touch with a Retail Solution Provider in your area, please contact Tom Ruscitti at [email_address] . Tell us how we can improve our training materials! Give us your feedback in this brief survey: http://www.surveymonkey.com/s.asp?u=16912993164 (cut and paste link into your browser)
NOTE: This slide explains why so much of this training course is about setting up inventory – it is at the center of retail activities. Nearly every transaction you make affects inventory. Ordering Merchandise In QuickBooks POS, when merchants need to restock or add new merchandise, they create and send temporary documents called purchase orders (POs) to vendors. A PO typically includes the following information: • The vendor’s company name • Order, shipping, and cancel dates • A list of the items to be ordered and information about those items, including description, cost, and the quantity ordered • The total cost of the order, including discounts and fees • A summary of the PO fill status (what has been received and what has not) The merchandise ordered on a PO is added to inventory when the merchandise has been recorded on a receiving voucher referencing that PO. When a PO has been filled or cancelled, it can safely be deleted. Receiving vouchers provide the permanent record of the items purchased. Purchase orders are not shared between QuickBooks POS and QuickBooks Financial Software. Since they are planning documents, they have no effect on inventory valuation. Receiving vouchers, however, are the primary way that QuickBooks POS “tells” QuickBooks Financial Software that the merchandise has been received and whether a payable is now due.
NOTE: slides 23-35 are a high-level overview of what QuickBooks Point of Sale does. Plan to spend no more than 10-15 minutes on this overview. The QuickBooks POS inventory is designed to help retailers define, track, view, edit, and group merchandise in a convenient and efficient manner. Each row in the item list represents a unique item. QuickBooks POS can store an unlimited number of inventory items. The inventory system is referred to as a perpetual inventory system, because transactional documents created in QuickBooks POS (receiving vouchers, sales receipts, adjustment memos, and transfer slips) keep the item quantities and costs updated automatically. The QuickBooks POS inventory stores all item information, including: • on-hand quantity • average unit cost • up to five different price levels • UPC codes (bar codes and numbers issued by the Uniform Code Council to give a retail product a unique identifying number) • tax status assigned to each item • minimum quantities (reorder point)
If you have a department and item name that are the same it will ask you if you want to add the item to an existing style or if you want to make this item unique. If these are 2 different items make sure that the item name is unique.
These next few slides just give an general overview of what types of documents that we have in Point of Sale.
Store account charges are supported if QuickBooks Point of Sale is used with QuickBooks Financial Software
NOTE: Walk through this section in QB POS and have participants follow along. These pages in the participant’s guide will serve as a useful reference after the class is completed.
Follow along: have participants open up Al’s Sports Hut. Direct participants to the Edit Item form.
Item Definition Item type : Used to designate the type of inventory item: Inventory for a normal inventory item or an item that is a member of a style Non-Inventory when defining a generic item or a service/fee that has no on-hand inventory quantity. Assembly (Pro/Pro Multi-store only) for an item that is an assembly of other items 4. Group Provides a method to quickly sell a group of items that are already in your item list individually, optionally at a discounted group price. Unlike an assembly, groups are not pre-built and the included items remain available individually. 5. Service Services such as miscellaneous fees, charges, or hourly labor for which on-hand quantities are not tracked. Note: Non-Inventory, Assembly, Group, or Service can only be selected if the current on-hand quantity is zero.
Item Definition Department: In most retail businesses, related merchandise is grouped into departments . Establishing and using departments is a good way to monitor past sales performance and manage your current inventory, which will help you to make informed buying decisions.
Item Definition Vendor: Each item can have a vendor assigned. By assigning a vendor, QuickBooks Point of Sale can track merchandise by vendor when it is ordered, received, or sold.
Item Definition Item Name : is the primary description for the item and is the description your customer will see on receipts.
Item Definition Item Description: A description field usually used for recording any additional information to describe this particular item. Often used to record additional information at the point of sale.
Item Definition Attribute : A field used to describe an item characteristic, typically color or a second size. One to twelve characters.
Item Definition Size: The size of an item: one to twelve characters. This field can also be used to describe a second item attribute other than size if desired.
Item Definition Item Number: This is a system-assigned number that is unique to your business. This can be in printed in barcode format. These can be used in place of the UPC. UPC: Universal Product Code. Products may or may not come pre-assigned with UPCs. If you would like, you can scan this barcode into QB POS and can be used in place of a QB POS assigned item number. Alternative Lookup: Additionally, there is an alternative look-up field, where you can use another look-up number other than the UPC or item number, such as a supplier catalog number.
Item Definition Tax Code: A drop-down list containing each of the tax code names defined in company preferences.
Follow along: direct participants to the Additional Info tab. Item Definition Serial # Tracking: Specify if you want to be prompted to enter a serial number when the item is listed on documents.
Follow along: direct participants to the Add/Edit All Items in this Style grid.
In most retail businesses, related merchandise is grouped together into departments . A department is a manageable category created to aid in monitoring past performance and in making future buying decisions. A well-designed department structure will also save time and give greater flexibility when conducting a physical inventory, marking down prices, printing tags, and selecting and summarizing data for reports. Every item entered into inventory must be assigned to a department. While each item can only belong to one department, grouping like items together still allows for more powerful reporting and analysis.
Follow along: have participants open up Al’s Sports Hut. Direct participants to an Item List Report.
Follow along: direct participants to the Reorder Point Report.
Have participants open up Benny’s Electronics. Refer your participants to Exercise 4-1 in their workbooks. When merchants need to restock or add new merchandise, they create temporary documents called Purchase Orders (PO’s) and send them to vendors. Since a purchase order is simply a request for merchandise it does not effect merchandise levels in QuickBooks Point of Sale. PO’s may be deleted when you no longer need them to track order status. A receiving Voucher is document that provides a permanent record of merchandise received into inventory. When a shipment arrives from a vendor, you create a receiving voucher to update inventory. If a receiving voucher references a purchase order, you can automatically bring any or all of the items listed on the PO to a voucher. The PO’s fill status will then be updated to provide you an up to date order status.
Refer your participants to Exercise 4-2 in their workbooks. Receiving Merchandise A receiving voucher is a QuickBooks POS history document that provides a permanent record of merchandise received into inventory. When a shipment arrives from a vendor, the receiving voucher is created either directly from the open PO or entered as a separate document which references the open PO. On the voucher the retailer essentially “tells” QuickBooks POS whether some or all of the items ordered from the vendor have been received. A return voucher , on the other hand, records merchandise returned to the vendor and removed from inventory. A return voucher is used only when the retailer wants to send back to the vendor items that have already been received into inventory. If an item is returned before creating a receiving voucher—such as for merchandise that arrives damaged—no return voucher should be made. After a voucher is updated, it is called a former voucher and is stored in the Receiving History list, accessible from the Purchasing menu or the voucher task list. When receiving merchandise against a purchase order (PO), you can bring any or all of the items listed on the PO to a voucher. The PO’s fill status will be updated when the voucher is updated. Updating a voucher updates the received items’ cost and order cost in inventory, if costs have changed. To keep accurate track of the value of inventory, it is important to enter the correct cost information for voucher items. If prices have not been previously defined in inventory, and there is a margin or markup specified, updating the voucher causes the prices at each of the price levels to be calculated and populated to the inventory price fields. Once an item’s prices are defined in inventory, the voucher does not automatically update prices on reorders. POS functions in this way because each retailer may have different pricing strategies and procedures. For example, if the cost of an item increases by just a few cents, does the retailer want to increase the price, possibly necessitating printing and applying new tags to existing merchandise? Some retailers might want to and others may want to increase prices only when costs change by some certain degree. We recommend that each retailer review their prices when costs increase, making pricing changes per their individual pricing policies. To assist retailers in this regard, QuickBooks POS displays a cost change alert when updating a voucher with new costs. This alert affords the retailer the opportunity to review and update prices, if desired, before printing price tags for the received items. (Pro Multi-Store) Both Headquarters and remote stores can create receiving vouchers and reference QB POS while doing so. Headquarters can create vouchers for any store; remote stores can only create vouchers for their own.
Have participants open up Al’s Sports Hut. Follow along: direct participants to the Purchase Order Detail Report.
Follow along: direct participants to the Receiving Detail Report.