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Talk to the QuickBooks Enterprise experts at Fourlane today. Get the best pricing, tailored demo and QuickBooks consulting services. QuickBooks Online Advanced supports more users, has more advanced reports, and includes premium support. Pay annually and save 50% off. Learn more about our QuickBooks Services: https://www.fourlane.com/quickbooks-c... View upcoming webinars and events: https://www.fourlane.com/events/ Call brief Marjorie from Fourlane discussed how to set up Bill of Materials (BOM) in Quickbooks for inventory management, including item setup, raw materials, overhead cost, sub-assemblies, and GL movement. She explained how to add raw materials to a BOM, set up sub-assemblies, and track them on the balance sheet. Marjorie also mentioned upcoming webinars on various topics related to inventory management and invited clients to suggest future webinar topics. Key points 1. Fourlane is the number one QuickBooks Enterprise team and also represents NetSuite and Acumatica. 2. They offer expertise in accounting and software and can help with inventory management. 3. The meeting focused on the Bill of Materials (BOM) setup and inventory assembly. 4. They discussed setting up raw materials, overhead costs, and managing sub-assemblies. 5. The BOM should be set up to ensure that the quantity of raw materials equals one finished good. 6. They explained how to set up items for tracking inventory, including service items, non-inventory items, and inventory parts. 7. They emphasized the importance of setting up the correct accounts for tracking inventory and cost of goods sold. 8. The system can handle nested sub-assemblies, and there is an option to automatically build required sub-assemblies. 9. They demonstrated how bills and build assemblies are used to track inventory and update the GL accounts. 10. They mentioned upcoming webinars on topics such as cycle counts, enhanced receiving, and accounts receivable. 00:00 Tutorial Markers 4:40 Set up Company Preferences 5:55 Item List 6:15 Create an Item 9:41 Inventory Part Set up 10:28 Inventory Assembly Set up 12:00 Bill of Materials Full View 18:15 Modify Build Assembly in Real Time 21:20 Enter A Bill 22:54 Transaction Journal 24:05 Balance Sheet Report 25:15 Account Set up 28:10 Build Nested Sub Assemblies 30:10 Mark Build Assembly as Pending Email us at [email protected] today. #QuickBooksTutorial #QuickBooksHelp #QuickBooksTraining #QuickBooksOnlineAdvanced #QuickBooksOnline #QuickBooksEnterprise #SmallBusiness #QuickBooksDesktop #QuickBooks #WomanOwned #Fourlane