How to Quickly Activate Advanced Inventory in QuickBooks Enterprise?

 QuickBooks Enterprise is an accounting software designed for the large business and is used for a variety of operations that manage inventory. It provides many features to handle the complexities of large businesses, including one such feature: Advanced Inventory. This is a tool used by businesses to manage their inventory with increased accuracy and efficiency.

Turning on Advanced Inventory in QuickBooks Enterprise enables users to utilize multiple advanced features, including real-time inventory tracking, barcode scanning, serial number tracking, multi-location inventory management, and more.

In this blog post, we will walk you through step-by-step how to activate the Advanced Inventory feature in QuickBooks Enterprise.

Steps to Enable Advanced Inventory in QuickBooks Enterprise

Activate the Advanced Inventory; it’s just a few easy steps. First, be advised that Advanced Inventory is available in Premier and Enterprise only, not in QuickBooks. Therefore, if you do not use these versions, upgrade.

You can turn Advanced Inventory on as follows using your QuickBooks Enterprise:

Step 1: Logging into QuickBooks Enterprise

The first requirement is to login to your QuickBooks Enterprise account using an administrator profile. Administrator access is required in order to turn on this feature.

Step 2: Access the Preferences Menu

● Logged in, select the Edit menu from the top navigation bar.

● From the drop-down, select Preferences.

Step 3: Access the Items & Inventory Section

Within the Preferences window:

● Click Items & Inventory on the left-hand column.

● This will open up your account’s inventory preferences for QuickBooks.

Step 4: Enable Advanced Inventory

  1. Click Advanced Inventory Settings at the bottom of the Preferences window.
  2. A new window will open with the options for Advanced Inventory Settings.
  3. Here you will find a number of check boxes representing the various features of Advanced Inventory, including:

● Track Inventory by Location (if you have more than one warehouse or different locations).

● Track Bin Location (in order to track specific inventory by bin or shelf within your warehouse).

● Enable Barcode Scanning (for streamlined inventory tracking).

● Track Serial or Lot Numbers (for more detailed tracking of products).

  1. To enable Advanced Inventory, click the Use Advanced Inventory option.
  2. After selecting the options that are most relevant to your business, click OK to save your settings.

Step 5: Configure locations, bins or serial numbers.

You can have additional configurations:

  1. Locations. Provide for various warehouse locations, branches or even multiple physical stores where inventory is located and to be booked into and retrieved from.
  2. Bin Locations. Keep inventory within bin/shelf designated within your facility.
  3. Serial/Lot Numbers: QuickBooks will automatically track your inventory using serial or lot numbers. This is helpful for companies selling products that have unique identifiers.

Step 6: Review and Confirm Your Settings

Once you have enabled and configured Advanced Inventory, take a few minutes to review your settings. Ensure everything is in place and that your preferences align with your business needs. You can always go back and modify these settings later.

Source: How to Enable Advanced Inventory in QuickBooks Enterprise

Location: Everett, WA, USA

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