Manufacturing and Wholesale Tutorial – Using QuickBooks Enterprise for Manufacturers

Available-to-promise supply chain management

Available-to-promise (ATP) is a key element of supply chain management. This term describes the inventory that is available to sell and does not include purchased inventory. Available-to-promise inventory is the amount of inventory that a retailer has available to sell at the time of a customer order inquiry. Manufacturers with complicated supply chains can benefit from using this tool to balance inventory levels and ensure high availability.

In addition, ATP helps businesses with complicated operations maintain lean inventories. This is particularly useful for salespeople because they can see when they can expect to deliver a particular order, rather than having to coordinate with several departments to determine whether an item is available. Without ATP, businesses are prone to overestimating demand and under-delivering. This can result in write-offs and disappointed customers, as well as lower service levels.

In order to gain comprehensive visibility, manufacturers should utilize a centralized “inventory hub” that gathers inventory information from throughout their extended enterprise, including 3PLs, returns facilities, and retail locations. The information gathered from this central hub will give managers and inventory managers up-to-the-minute information about their inventory. ATP also helps suppliers allocate products that are short-of-stock, and provides valuable fulfillment transparency to partners.

Using a centralized system like SOS Inventory can help companies eliminate data silos. This integration with QuickBooks Online allows companies to share data from all departments within the company. It also removes the need for costly software updates and server maintenance, and enables staff to work remotely.

Chart of accounts

Customizing your chart of accounts is one of the most important things to remember if you want to use the program properly. In QuickBooks, you can organize accounts by parent account and sub-account. For example, you can create a parent account for utilities expense, and then create sub-accounts for various expenses. This way, you can have a better picture of your business’s finances.

You can create and edit your chart of accounts using QuickBooks Online. You can add or delete accounts and archive others. The chart of accounts is the backbone of any business’s accounting setup. Without it, your financials will be unorganized, which will make you feel less confident about making business decisions.

To create a chart of accounts in QuickBooks Online, you will need to import your data from an Excel spreadsheet or a CSV file. After importing your data, you will need to map the columns in the spreadsheet to the fields in QuickBooks Online. Once you have done this, you can click on the green Next button. The final screen will allow you to change your account information or deselect any of the accounts that you don’t want to import into the system.

Creating a BOM is essential for cost tracking. Your BOM is like your shopping list for finished goods. A BOM is a great way to streamline the production process and to keep track of manufacturing and overhead costs. QuickBooks has built-in features that enable you to automatically update prices when material costs change. These features are especially useful for businesses that produce finished goods, or products that are assembled from components.

In manufacturing, the process is different from other industries. In order to manage costs, you need to understand how raw materials are stored. With the wrong type of raw inventory, you can end up with negative inventory. Not only that, but the wrong kind of raw inventory management can ruin your production management process. If you don’t track the raw materials properly, you may not be able to produce the finished products that your customers want.

Tracking backorders

If you are running a manufacturing and wholesale business, you should understand the importance of tracking backorders. Backorders can create a lot of issues, including customer service issues, increased costs, and more inventory than you need. Fortunately, there are ways to make the process easier for your business.

Using QuickBooks to manage inventory allows you to create purchase orders for the exact quantity you need to fulfill an order. You can also view your Available-to-Promise amount, which shows you how much inventory is already committed to customers, what is expected on new POs, and what is pending for a build. In addition, you can use QuickBooks to track inventory items in multiple units.

Backorders occur when demand exceeds supply. This can be caused by a successful marketing campaign, seasonal trends, or even a supply chain issue. For example, there may be a shortage of a certain raw material, or a vendor may go out of business. In these instances, a backorder is an indication that a product is not available, and the seller is trying to fill orders as quickly as possible.

Regardless of the industry you’re in, QuickBooks Manufacturing and Wholesale allows you to track backorders easily. The program’s built-in inventory stock status report allows you to view your inventory status instantly and reorder items as you need them. This can help you make more informed decisions about which products to offer customers.

You can update the quantity of inventory by clicking the current availability icon. It’s important to match the quantity on hand to the quantity on a sales order. If there is a backorder, it will appear in the Backordered column of the sales order. You may need to customize the invoice template to display this column.

Expense feature

A key feature of QuickBooks Enterprise for Manufacturers is its ability to manage multiple shipping addresses for your customers. This feature makes it easy to accommodate customers with different shipping addresses, as it allows you to choose the appropriate address from a drop-down menu. It also allows you to add new addresses and tailor sales orders for each customer.

Another key feature of QuickBooks Online is its accounts payable feature. This feature allows you to pay your bills online, as well as print and email your invoices. You can also add invoice notes and attach receipts. Once you are familiar with the features, you can invoice your customers and manage expenses efficiently. In addition, you can access help and training within the application.

The Expense feature in QuickBooks Enterprise for Manufacturing allows you to track all the expenses associated with manufacturing your products. For example, if you buy four red coffee mugs and assemble them into a boxed gift set for Valentine’s Day, you can record the assembly costs with QuickBooks. The boxed gift set includes the red coffee mugs, tissue paper wrapping, and cardboard box.

The Expense feature of QuickBooks Manufacturing and Wholesale edition is a valuable feature for a small to medium-sized manufacturing company. It includes features that make it ideal for manufacturing and distribution companies, including advanced inventory tools. You can track your inventory on hand, on POs, and on sales orders using the software. The program also allows you to define how many materials and labor you will need to assemble a product. Once the assembly is complete, these costs will be transferred to the finished product.

Pricing

When setting up pricing rules in QuickBooks, you can set the level of a product to be charged for. These price rules apply to products and services sold by the company. However, you can’t use these rules on estimates. They won’t apply when the customer makes a markup.

One way to set the correct price for an item is to use fixed percentage price levels. These allow you to set a specific percentage price for specific customers. For example, if a customer always buys a certain amount of items, you can set a fixed price of 10 percent. The new price will be applied to each customer invoice that is issued. You can also use the price rounding tools to set prices for items.

Another way to improve your pricing is by creating more custom pricing levels. This makes it easier to set the price for specific products. It also helps you track the profitability of your business. The software also has 11 reports that help you keep track of costs and profitability. You can create up to 100 pricing levels per item.

Advanced Pricing makes pricing in QuickBooks easier. It works with Price Rules and Price Levels to automatically change the price of items on a sales form based on certain criteria. For example, you can use price rules to adjust the price of all items sold to a customer based on specific criteria, such as the type of customer or the item. You can even use price levels to offer quantity discounts to customers.