Summary
As we have seen throughout this chapter, QuickBooks Online can be adapted to meet the needs of a manufacturing business. For small businesses and start-ups working within a tight budget, this is good news.
Understanding all the options that can be used is important if you are a business owner or a bookkeeper/accounting professional setting up QuickBooks.
By way of a brief recap, we have covered the following topics:
- Raised purchase orders and received bills for raw materials
- Created a customer sales order by adapting an estimate
- Used a purchase order to request an item be manufactured
- Used an estimate to create a BOM request to pick stock
- Created an internal invoice to remove raw materials from stock
- Checked reports and created a journal to account for work-in-progress
- Converted the internal purchase order to a bill for the finished stock item
- Created an invoice for the finished goods from the original sales order
- Made an adjustment...
