QuickBooks Tip of the Month: Improve Inventory with Moving Average Cost

QuickBooks Tip of the Month: Improve Inventory with Moving Average Cost

Inventory mistakes impact margins fast. QuickBooks uses moving average cost (MAC) to keep your inventory valuation accurate.

How to Set It Up:

1. Go to Settings → Sales → Products & Services.
2. Turn on Inventory tracking.
3. Add inventory items with cost and quantity.
4. Record purchases and item receipts.
5. Run Inventory Valuation Summary reports.

Tip:
After physical counts, upload adjustments to align your books with actual inventory levels.

Know your costs. Protect your margins. One 8 Solutions is here for that. Schedule a conversation today!