Ask the Expert - Manufacturing and QuickBooks - Accounting Software Secrets
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Ask the Expert – Manufacturing and QuickBooks

Ask the Expert – Manufacturing and QuickBooks

<h1><em>Ask the Expert – Manufacturing and QuickBooks</em></h1>
<p>Q – I have purchased the QuickBooks Premier – Manufacturing and Wholesale Edition.  We are looking for information on how to track the various WIP of our product.  Can you help?</p>
<p>A – The feature you will want to use is <a href=”http://www.4luvofbiz.com/kb/premium.php?cat=25&id=144510″>inventory assembly</a>, which requires QuickBooks Premier or Enterprise Solutions, version 2003 and higher.  This functionality is included in the Manufacturing and Wholesale Edition, as well as the other industry specific versions.  This feature is more effective than the <a href=”http://www.4luvofbiz.com/kb/premium.php?cat=25&id=144500″>”group” feature</a> available in the other products due to the quantity and cost tracking.</p>
<p>Inventory assembly will permit “building” new items from existing inventory items.  The associated cost of the previous item is “rolled” into the cost of the new item.  The advantage of this process in your case is that you can create various “sub-assembly items.”  Inventory can be purchased as raw material inventory.  The raw materials can be “converted” by using the build assembly feature in QuickBooks to create the WIP inventory items.  As the work in process is completed, the WIP inventory items can then be used to “build” the final product.  At any given time, this will preserve the quantity and cost of the products in each “phase” of your manufacturing process.</p>
<p><strong>TIP:</strong> This feature requires that all components of the inventory assembly item   are either inventory parts or inventory assembly parts.  No other type can be included.</p>
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  <h1><strong>List Limits Expanded</strong></h1>
  <p>For   most QuickBooks users, the list limit for the QuickBooks Pro and   Premier products of 14,500 is sufficient.  For some, however, that is   not the case.  We have been seeing increased list size for a variety of   reasons.  One of the most common is the increased number of customers as   the result of web site sales.  For version 6 and prior, the list limit   was doubled for the Enterprise Solutions Product.  New with version 7,   the Enterprise Solutions limit has been removed.</p>
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<h2>More information on this topic</h2>
<p><a href=”http://www.4luvofbiz.com/kb/premium.php?cat=25&id=1144″>Items</a></p>