Ruth, I don’t know how to take care of items that I donate to charity or items that I give to resale at other stores…How about items that I take for my own use.
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I would create a sales order for the items you’re consigning to other shops. This won’t remove the items from inventory until it’s converted to a sales receipt, but it will reduce your available quantities. For more info, go to Help > Help Contents, select the Index tab and type in “customer orders”.
For the donations and items you take for your own use, I’d do an inventory adjustment. For more info, go to Help > Help Contents, select the Index tab and type in “adjusting quantity or cost”.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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