PSA: Item Receipts in QBO Inventory
QuickBooks Online has added item receipts — but before you click that irreversible "turn on" button, you need to understand what you're getting into. Dan DeLong of School of Bookkeeping joins Alicia to explain how item receipts separate the receiving of merchandise from the billing event, why that matters for inventory-heavy businesses, and who actually needs this feature. If you don't have a receiving warehouse step in your workflow, this one's probably not for you.
LINKS
Alicia’s Upcoming Classes
Sponsors
Wurthy - https://uqb.promo/wurthy
Wurthy - https://uqb.promo/wurthy
- (00:00) - Intro to Item Receipts
- (01:25) - Desktop Origins Explained
- (02:33) - PO Workflow and Missing Step
- (04:05) - Date Problems and Enhanced Receiving
- (06:06) - Inventory Offset Holding Account
- (09:12) - Turning It On in QBO
- (09:44) - Irreversible Setting and Backups
- (11:32) - Testing Before You Commit
- (12:07) - Bills Without Item Receipts Pitfall
- (15:43) - Workflow Tips and Reporting Soapbox
- (18:31) - Who Should Enable This
- (19:52) - Inventory Roadmap and Wrap Up
- (21:06) - Announcements and Final Thanks
LINKS
Alicia’s Upcoming Classes
- Budgeting in QBO: http://royl.ws/budgeting?affiliate=5393907
Dan’s Links
- S of B Blog on Item Receipts:https://www.schoolofbookkeeping.com/blog/QBOItemReceipts
- Schoolofbookkeeping YouTube: https://snip.ly/SOBYT
- Blog on Item Receipts and Enhanced Inventory Receiving: https://www.schoolofbookkeeping.com/blog/QBOItemReceipts
- Free Live Workshop Wednesdays: https://www.schoolofbookkeeping.com/workshop-wednesday
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Creators and Guests
Host
Alicia Katz Pollock, MAT
Alicia Katz Pollock, MAT is the CEO at Royalwise Solutions, Inc.. As a Top 50 Women in Accounting, Top 10 ProAdvisor, and member of the Intuit Trainer/Writer Network, Alicia is a popular speaker at QuickBooks Connect and Scaling New Heights. She has a Master of Arts in Teaching, with several QuickBooks books on Amazon. Her Royalwise OWLS (On-Demand Web-based Learning Solutions) at learn.royalwise.com is a NASBA CPE-approved QBO and Apple training portal for accounting firms, bookkeepers, and business owners.
