Checking your inventory status

You can get the following information about any item in your inventory stock: the reorder point, current quantity on hand, average cost to date, and quantity on order.

To check the status of a single item:

  1. Choose Lists > Items.
  2. In the list, select the inventory item whose status you want to check.
  3. Choose Edit from the Action pop-up menu ( image).

To check the status of your entire inventory:

  1. Choose Reports > Inventory.
  2. Choose one of the following:
    • Stock Status by Item: Lists your inventory items alphabetically by item code.
    • Stock Status by Vendor: Groups your inventory items by preferred vendor. This helps you reorder easily.
  3. To see which inventory items you need to reorder, look at the Order column.

    A check mark in that column means that your stock of the item has fallen below your reorder point. To determine whether you need to reorder, QuickBooks takes into account the quantity you currently have on order. If the quantity on hand plus the quantity on order is less than the reorder point, QuickBooks puts a check mark in the Order column.

  4. To print the report, press imageP.
  5. To create a report that shows how QuickBooks calculated the average cost for a particular item, double-click that item's entry in the report.