Enhanced Inventory transactions QuickBooks enterprises edition

    • 55 posts
    February 22, 2019 8:24 AM EST

    QuickBooks accounting software has three editions- QuickBooks Pro for small business organizations, QuickBooks Premier for medium business organizations and QuickBooks Enterprises for large business organizations. There is a difference presented among these three editions in terms of advancement. This technology has made you relaxed from extreme pressure and tension of effectively maintaining the finances of your company and it saves the time too. As the time passes users found some flows related to billing a product in the inventory in QB software, therefore, QuickBooks Enterprises appear with a feature called Enhanced Inventory Receiving or EIR.  EIR provides brief information about the receiving process of the software which makes QB Enterprises a bit complicated for a non technical person to use. The functions of enhanced inventory receiving are as follows:-

    • Item receipts do not increase accounts payable
    • Bills do not affect inventory
    • Original receipts are not replaced by the bills
    • It treats item receipt and item bill as two different or separate transaction
    • QuickBooks began to use as a clearing account
    • Some business organizations need more than one bills against the same item. EIR solves the purpose
    • Item receipt has the date when it came to the inventory and bill date is the date when the item is purchased by the vender.

    Moreover, this feature is quite optional and can be used according to the preferences of business organizations. In case you want to use it, you need to enable it by using a simple procedure.

    1. Go to Item and Inventory from edit menu
    2. Enable ‘Enhanced Inventory Receiving’ option under Company preferences tab
    3. After reviewing all the warning messages, click OK.

     

    You will be back to your company file after this. In case you need any assistance you can easily get in touch with us and our QuickBooks Enterprise Support experts will be ever ready to help you.

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