Turn On Advanced Inventory in QuickBooks Enterprise

Advanced Inventory is a feature in QuickBooks Enterprise that enables users to efficiently manage their inventory, including tracking items by serial or lot numbers, setting up multiple warehouse locations, and utilizing barcode scanning. Enabling this feature can greatly enhance inventory management capabilities for businesses of all sizes.

To provide a comprehensive guide on how to turn on Advanced Inventory in QuickBooks Enterprise, it’s essential to break down the process step by step. Before delving into the specifics, it’s crucial to understand what Advanced Inventory entails.

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Step-by-Step Guide to Enabling Advanced Inventory in QuickBooks Enterprise

Step 1: Ensure Compatibility

Before enabling Advanced Inventory, ensure that your version of QuickBooks Enterprise supports this feature. Not all versions include Advanced Inventory, so it’s essential to check if your subscription includes this feature. You can verify this by checking your subscription details.

Step 2: Access Company Preferences

To turn on Advanced Inventory, you need to access the company preferences within QuickBooks Enterprise. Follow these steps:

1. Open QuickBooks Enterprise and log in to your company file.
2. From the menu bar, navigate to “Edit” and then select “Preferences.”
3. In the Preferences window, select “Items & Inventory” or “Inventory & Items,” depending on your QuickBooks version.

Step 3: Enable Advanced Inventory

Once you’ve accessed the preferences related to inventory, you can proceed to enable Advanced Inventory:

1. Within the Preferences window, locate and click on the “Company Preferences” tab.
2. Look for an option related to Advanced Inventory or Advanced Inventory Settings. Depending on your QuickBooks version, the wording may vary slightly.
3. Check the box or toggle the switch to enable Advanced Inventory.
4. Click “OK” or “Save” to confirm the changes.

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Step 4: Set Up Advanced Inventory Features

After enabling Advanced Inventory, you may need to configure specific settings to tailor it to your business needs. This may include setting up multiple warehouse locations, enabling serial or lot number tracking, and configuring barcode scanning. Here’s how you can set up some of these features:

1. Multiple Warehouse Locations:

If your business operates from multiple warehouses or storage locations, you can set these up within QuickBooks Enterprise. Navigate to the “Inventory” menu and select “Inventory Activities.” From there, choose “Add/Edit Multiple List Entries” and then select “Inventory Site List.” Here, you can add new warehouse locations as needed.

2. Serial or Lot Number Tracking:

To track items by serial or lot numbers, go to the “Edit” menu, select “Preferences,” and then choose “Items & Inventory” or “Inventory & Items.” Click on the “Company Preferences” tab and check the box next to “Serial/Lot Numbers.” This enables the tracking feature, allowing you to assign serial or lot numbers to items.

3. Barcode Scanning:

QuickBooks Enterprise supports barcode scanning to streamline inventory management processes. To set up barcode scanning, you’ll need compatible hardware (barcode scanner) and software. Once you have the necessary equipment, you can enable barcode scanning within QuickBooks by accessing the preferences related to Advanced Inventory settings.

Step 5: Training and Implementation

Enabling Advanced Inventory is not just about flipping a switch; it also involves training your team on how to effectively use these advanced features. Consider providing training sessions or tutorials to familiarize your staff with the new capabilities and ensure smooth implementation.

Step 6: Technical Support

If you encounter any difficulties or have questions about enabling Advanced Inventory in QuickBooks Enterprise, don’t hesitate to contact QuickBooks Enterprise Support at +1-888-905-3553. Their team of experts can provide assistance and guidance to help you make the most of this feature.

Conclusion

Turning on Advanced Inventory in QuickBooks Enterprise involves accessing company preferences, enabling the feature, setting up advanced inventory features, providing training to your team, and seeking technical support if needed. By following these steps, you can leverage the power of Advanced Inventory to streamline your inventory management processes and enhance efficiency in your business operations.

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