I'm using QB Point of Sale in a retain shop, where we do sales, record PO, and maintain inventory. However i also want to record summary of these transactions to quickbooks accounting software. Kindly please explain how to record opening/closing inventory in QB.
So hows about an intro before we start. We always ask newbies!
Usual stuff - what prof body do you belong to, bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/in midst of doing, where based, is this your only role/what you did before this role? That so of thing. Helps get to know you but also how best to pitch answers.
Also - when asking for a technical response about software then always best to add the type of software (in this case, is it what type of QB -desktop and pro or other or QB online) and year version.
What do you have outstanding in the customer account? An invoice as well?
When you say PO - please advise what you mean? Usually means Purchase order but unclear why you would use this in retail.
Is this in the process of being transferred to a new accounting software program? Or is it that its just you that is new to using it?
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
