IPBC National Phone Conference
Master QuickBooks® Software: Bookkeeping for Inventory
Presented by: Eileen Reppenhagen, CGA
Certified QuickBooks ProAdvisor
Join us for three consecutive Wednesdays
November 7, 14, and 21
11:30 AM – 12:30 PM PST
Keeping track of what's in stock is a challenge for most business's, bookkeepers and accountants. Then, when it comes time to report on the change from last year to the end of this year, recording write downs for stolen, lost, obsolete products, and counting inventory is only part of the process of recording the Cost of Goods Sold.
Let's take an in depth look at inventory, identifying different types of inventory, and how they should each be accounted for. Of course, we'll use QuickBooks to facilitate the discovery because our speaker is a Certified QuickBooks ProAdvisor.
In this series of three, one hour webinars, we'll learn about who, what, where, when, why and how of keeping track of stock in inventory.
November 7th: Set up Items
· Matching to Accounts
· Units of Measure
November 14th: Engage in Buying and Selling
· Purchase Orders
· Inventory reconciliation
· Average Costing
· Percentage of Completion
November 21st: Reconcile, Adjust and Report on Activities
· Inventory Asset Accounts
· Gross Margin
· Disclosure: Sales and COGS by Inventory Category
· COGS Continuity
o Opening + Purchases +- Adjustments - Ending Inventory = COGS
Join Eileen Reppenhagen, CGA, Certified QuickBooks ProAdvisor and TaxDetective® to learn how to take some of the angst out of inventory record keeping
Eileen Reppenhagen writes and speaks about accounting and tax. You'll find her Website has valuable resources for bookkeepers and accountants. She's a connected CGA, and a Certified QuickBooks ProAdvisor who Blogs, Twitters, participates in various group discussions on LinkedIn and is an active contributor to the IPBC Online Member Forum.
Earlier this year, IPBC hosted a series on creating Working Papers and last year, a series on Mastering QuickBooks® Software. If you missed the live events, you'll find the videos for sale on her website. To access member discounts on her products;
Sign In to visit Eileen's IPBC Partner page.
Attending this meeting qualifies for one Professional Development Credit
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Please contact us if you have any questions