Use reports to see your sales and inventory status

1. Use reports to see your sales and inventory status Learn how to find your best sellers, profit, the cost of goods, and many more. In this article we will learn to use reports to get helpful insights on the things you buy and sell, and the status of your inventory. We’ll show you which reports to run depending on what kind of info you want to see. To get started, go to Reports, then select Standard. Once you're there, here's what you can do. Find your best sellers Go to the “Sales and customers” group of reportsand run these reports to see your sales by products and services: 1.Sales by Product/Service Summary: Your total sales for each product and service. 2.Sales by Product/Service Detail: Your sale transactions by product or service. Note: If required you can import the sales report from QuickBooks

2. Check what’s in stock Open “Sales and customers” group of reports and run these reports to know what’s on hand, so you always have what your customers want: 1.Inventory Valuation Summary: The quantity on hand, value, and average cost for each product. 2.Inventory Valuation Detail: Your transactions for each inventory item, and how they affect quantity on hand, value, and cost. 3.Physical Inventory Worksheet: Your inventory items with space to enter your physical count, so you can compare to the quantity on hand in QuickBooks. Check what’s still on order Open “Expenses and suppliers” group of reports. Then run the Open Purchase Order Detail report. It shows you how many items are still on order and how many you’ve received so far. How to check what’s in stock and what’s on order as you work You can also check what’s on hand and what’s still on order as you work. Just hover your pointer over the quantity you entered on any transaction. If you entered low stock alerts, QuickBooks will also alert you if a product is running low. Customize your reports You can tailor each report to the info you need the most. Go to the top of any report to change the report date, grouping of info, and more. To see all changes you can make, select Customize. Source: https://mamby.com/post/use-reports-to-see-your-sales-and-inventory-status