Enhanced Inventory Receiving - Expert Training Learn QBES

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Call brief
Marjorie from Fourlane discussed enhanced receiving in QuickBooks, explaining the benefits and potential issues that come with turning on the feature. She demonstrated how to use it for receiving inventory, linking purchase orders and receipts to bills, and handling prepayments. Marjorie emphasized the importance of testing before making changes and recommended using Fourlane's services for KPI advisory, establishing processes, financial reporting, and day-to-day bookkeeping.

Key points
1. The meeting discussed enhanced receiving in QuickBooks and its impact on daily workflow.
2. Fourlane offers a YouTube channel and a Facebook page for accessing webinars, trainings, and peer-to-peer assistance.
3. On-demand support is available for $25 per QuickBooks user per month, with a reduced rate for six or more users.
4. Fourlane focuses on helping clients use their data to make better business decisions, offering services such as KPI advisory, process establishment, financial reporting, and bookkeeping.
5. Enhanced receiving in QuickBooks allows for a more standardized process for inventory receiving.
6. Once enhanced receiving is turned on, it cannot be turned off, so decisions should be made beforehand and testing is recommended.
7. Enhanced receiving allows for selecting multiple receipts for one bill, improving flexibility and efficiency.
8. Prepayment for inventory can be done without increasing inventory accounts, but the process needs to be carefully managed to avoid confusion.
9. The meeting demonstrated the differences between standard and enhanced receiving in QuickBooks, including changes in preferences and the ability to enter bills against inventory.
10. The meeting emphasized the importance of accurate cost tracking and the segregation of duties between receiving and accounting departments.

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[TomKrieglstein]

Thanks for sharing. I wanted to know more about this topic within QuickBooks.

[heangphirun]

Thanks for your amazing training. May I ask you a question? I have enabled Enhanced Inventory Receiving, and once I enter bill against Purchase Order, It will always show me that there is an item receipt I ahven't enter to bill, but in fact, i have already received the item already. and for inventory offset account is ZERO. and it keep asking me to enter the item receipt once i enter the bill with that Vendor.
Please help me, or let me know if i need to pay for this issue. Regard, Ryan