Cloud Cart Connector can create new inventory items in QuickBooks Online. QuickBooks must have a special COGS account and have inventory tracking turned on in QBO.
Tracking Inventory in QuickBooks Online
Here are the steps:
- Login to QuickBooks Online.
- On the top menu, click the gear > company settings
- Under sales > products and services, click track quantity on hand.
Items can now track quantity. The next step is to create a supplies and materials cost of goods sold account.
Purchase Expense Account and Inventory Start Date
Each inventory item must have a purchase expense account of type Cost of Goods Sold - Supplies and Materials:
When our system adds inventory, the stock must have a start date. We recommend six months before today, so you can import older orders. QuickBooks allows products to be sold on dates after the inventory start date. You can adjust your settings on the advanced tab:
Once these settings are complete, Cloud Cart Connector will create new inventory items in QuickBooks when no matching item can be found and the item is of type inventory.