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.

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• (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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