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How to change inventory in QuickBooks Desktop

Learn how to adjust the quantity or total value of your products in QuickBooks Desktop. QuickBooks Desktop updates inventory quantities and value as you track every purchase and sale. But you might have to record an adjustment every now and then to keep your inventory status in QuickBooks accurate. If you're unsure how to do this, don't worry Adjust Inventory in QuickBooks Desktop Pro- Instructions: A picture of a user making an inventory adjustment in QuickBooks Desktop Pro. Then click into Item column in the first available row. Then select the first item to adjust from the drop-down list. To make a Quantity adjustment, either type the New Quantity or the. Type in the new physical count in the column named New Qty or enter a new value in the Qty Difference column and QuickBooks will calculate the adjusted quantity for you. 8 Check the box named Value Adjustment if you want to see an expanded version of the open window; however, this is not necessary to change or adjust your inventory. This video (part 1) is meant to cover the basics in Inventory for QuickBooks Desktop, if you want to take an in-depth course on this topic, join my Advanced. SOLVED • by QuickBooks • QuickBooks Desktop for Mac • 1 • Updated January 18, 2021 Learn how to do a physical inventory in QuickBooks Desktop for Mac Physical inventory is the process of verifying or connecting the on-hand item quantities in your inventory by doing a physical count

Adjust your inventory quantity or value in QuickBooks Deskto

  1. The Inventory Adjustment that QuickBooks created will only pop up when you edit an inventory, just like your client did. If you change another inventory item, you'll see the pop-up message again. In case you want to create an inventory adjustment account. Here's how: Click the Lists menu at the top, and then choose Chart of Accounts
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  3. If you haven't created at least one inventory item in QuickBooks, the import won't work correctly. In most cases, you created at least one item when you set up your QuickBooks file. Information in this article applies to QuickBooks 2013. It may vary slightly or significantly with other versions or products
  4. Do not change non inventory to inventory even though QB allows it . doing so will change the financial history of the file from the start date - that may or may not matter to you, but there is no way for us to know how that affects your financials. create new inventory items, order and stock them using the item details part of a PO and Bill
  5. First, you need to tell QuickBooks that you want to track inventory. To do this, choose Edit→ Preferences. When QuickBooks displays the Preferences dialog box, click the Items & Inventory icon in the list on the left. Your screen should look remarkably similar to the one shown

http://QBUniversity.org - This Quickbooks Online Inventory Adjustment video shows you not only how to adjust inventory quantity in Quickbooks Online, but als.. If you are using QuickBooks to manage your inventory, then you can order new inventory whenever you are running low. In this tutorial, we'll go over how to. Select the Vendors menu. Click Inventory Activities and Adjust Quantity / Value On Hand. Step 2 Choose a date for the inventory change to take place

But QuickBooks Desktop Enterprise is the only version that has a subscription-based feature called Advanced Inventory and Advanced Pricing. With Advanced Pricing , QuickBooks automatically changes the prices of items on sales forms according to rules you create In QuickBooks, go to the List pull-down menu and select the Item List. Right click anywhere on the list and select Adjust Quantity/Value On Hand. Change the Adjustment Type to Total Value. Enter the Date & Adjustment Account in the header If your merchandise inventory changes quantity or value WITHOUT A TRANSACTION, then you need to ADJUST your inventory.This video shows you how to adjust the. It is simple to track inventory using QuickBooks by learning the following procedures. Steps Download Article 1. Open your QuickBooks program and sign in. 2. Choose Edit from the menu on the home page (main menu). 3. Choose Preferences from the drop-down list that opens. 4. Choose Items and Inventory, which appears on the left side.. Available for Quickbooks Desktop, advanced inventory is a feature of Intuit's popular business accounting software that offers increased control over your business's inventory management processes. Using this feature, you can scan inventory barcodes with your smartphone, run customizable reports (valuation summary, inventory stock, etc.), track sales and orders by location, and much more.

The correct process is to make a change to Inventory for quantity changes or value changes from Vendors > Inventory Activities > adjust Quantity/Value on Hand. The quantity by which you desire to change the amount is marked in the Quantity difference column. How the change will affect the inventory is shown in the lower left corner To rename list items in QuickBooks Desktop Pro, open the list with the item or items to rename or merge together. Then open the Edit [ list item type ] window for the desired list item to change. In the Edit [ list item type ] window, type a new name into the name field at the very top of the window QuickBooks is a decent enough inventory solution for some businesses. For starters, even QuickBooks' most expensive plan (QuickBooks Online Advanced) is less expensive than some of the leading inventory management platforms.And since it's both an accounting program and an inventory management system, it's appealing to many small businesses looking to economize QuickBooks Online software is an accounting software platform that is built functionally to track inventory, business expenses, and customer data. Before QuickBooks Online removes an incorrect opening credit, QuickBooks Online would displays warnings and errors. This is why it is very important to know how to change beginning balance in QuickBooks

Import Inventory into QuickBooks Desktop. Import Inventory Transfers from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #1 user rated and Intuit trusted bulk data automation tool built exclusively for QuickBooks.. SaasAnt Transactions (Desktop) supports QuickBooks Pro, Premier, Enterprise, and Accountant Editions How Sync Transactions between POS and QB Desktop Works. Holding the same price and/or quantity in both the online store and QuickBooks is one of the main functions of inventory management within Unify Desktop. You should synchronize the data with: Manually within the product synchronization region. The Unify Windows Scheduler is automatic Inventory control and usage may become actually complex, so depending on the needs of the company, other more sophisticated inventory programs need to be utilized. The beauty of QuickBooks (QB) Enterprise is that items are tied to the financial accounts, freeing the end-user from the knots of accounting. QB inventory costing: - Works on an Average cost basis - NOT LIFO (last-in-first-out. Steps to Import Inventory Adjustments into QuickBooks Desktop. Now, it's easier to import with Dancing Numbers with the powerful and simplified wizard. To start the bulk import of your files data to QuickBooks follows the mentioned steps. First of all click Import (Start) button available on the home screen

Adjust Inventory in QuickBooks Desktop Pro- Instructions

Edit > Preferences > Items & Inventory > Company Preferences > Advanced Inventory. The list of sites created can be accessed at Lists->Inventory Site List. Once the locations are added, you will see a column on the invoice entitled Site. If column is not listed, check template of invoice being used Activating the Inventory Feature From the menu, select Edit > Preferences. In the left pane of the Preferences dialog box, highlight Items & Inventory, then select the Company Preferences tab. Mark the Inventory and purchases orders are active checkbox In QuickBooks, you can't change an inventory item to a non-inventory item; you can only change it to an inventory assembly item. To switch and use non-inventory items, duplicate the inventory.

How to Adjust Inventory in QuickBooks: 11 Steps (with

  1. Double-click on the Item Name for which you wish to change an inventory item. Step 3 Click the down arrow to the right of the Income Account field, and select a new account to change the Sales..
  2. d that if you go that route, there will be a big upheaval to your workflow. The add-on will then want to take over most of what you do in QuickBooks to manage inventory
  3. You can change the U/M of any service, non-inventory part or group item without affecting the accuracy of any data stored in QuickBooks. But changing the U/M of an inventory part or inventory assembly significantly can alter the quantity on hand and cost information for that item, in some cases resulting in inaccuracies
  4. The traditional way to record inventory in QuickBooks involves accessing the various related accounts in your Banking or Vendors section, depending on the manner in which you are receiving..

Managing Inventory in QuickBooks Desktop - YouTub

Perform a physical inventory in QuickBooks Desktop

Good inventory tracking capability is available in all QuickBooks Desktop editions, with the ability to track all products sold, cost of goods, and inventory management, including inventory. If you use QuickBooks 2017 or later, press F1 or select Help > QuickBooks Desktop Help to get help faster. For the best support experience, make sure you update QuickBooks to the latest release. Continue as a gues Non-Inventory Part Items in QuickBooks Desktop Pro - Instructions: A picture of a user creating a new Non-Inventory Part item in QuickBooks Desktop Pro. For non-inventory parts purchased for specific customer jobs, check the This item is used in assemblies or is purchased for a specific customer:job checkbox You may do this in QuickBooks by selecting Edit | Preferences and selecting Items & Inventory on the left side of the dialog. Select the Company Preferences tab and make sure that Inventory and purchase orders are active is unchecked. Then press OK to have it accept your changes Click Edit and Preferences. Select Items & Inventory. Step 2 Click the Company Preferences tab

Solved: Changing Service types to Inventory

The following article will walk you through receiving items from a purchase order when using QuickBooks Desktop. Instruction. Back to top. Choose if you will be receiving inventory with or without a bill and follow the steps to receive inventory. Receive inventory with a bill. Back to top. 1 Open the account in which you need to change entries. Click Lists from the menu along the top of the window and select Add/Edit Multiple List Entries. Choose the list you need to modify from the drop-down menu next to List: Customers, Vendors, Service Items, Inventory Parts or Non-inventory Parts Now we want to make our system reflect non inventory and quickbooks does not allow you to change it! It would be too time consuming to do what you descibed here..i guess creating a new business file and entering in each part number manually as a non inventory part is the only way..stupid and annoying

Well, let's start by defining Average Cost, which is the default Inventory Valuation Method of QuickBooks Pro, Premier, Mac, Accountant and QuickBooks Enterprise. Under the Average Cost Method, it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period QuickBooks Online will only import the item types Inventory Part, Non-inventory Part, and Service because other item types are part of work-flows that differ slightly between Desktop and Online. Open the Excel workbook you created in the previous step and delete all line entries for items other than the three that will be imported into.

How to Change an Inventory Part to a Non Inventory Part in

All (*) marked fields are mandatory. Import Settings. A host of powerful customisations for your file data is available with Import Settings. This is available in the Step 3: Review & Import screen or directly under Edit Menu in the menubar 1) Open QuickBooks, then open the Product Information window by pressing the F2 key (or Ctrl+1 keys). 2) With the Product Information window open, open the Tech Help window by pressing the F3 key (or Ctrl+2 keys) Sync your orders, inventory, customers, products and more. Sync also available for WooCommerce to QuickBooks Online. Sync your WooCommerce store with QuickBooks Desktop and keep your accounting and inventory under control! Orders, inventory, customers, products and more. MyWorks Software. Give us a call! - (972) 505-3245 For 2019, QuickBooks Desktop Inventory Valuation Reports can now include inactive items along with their quantities and values so that you can balance your inventory reports against the inventory assets appearing on within your Balance Sheet and General Ledger FIFO (First-in, First-out) Method. QuickBooks Online uses the FIFO method of inventory valuation. As the name implies, QuickBooks Online will always consider the first units purchased (First In) to be the first units sold (First Out) and will adjust your Inventory Assets and Cost of Goods Sold (COGS) accordingly whenever sales of inventory items are entered

IIF file or intuit interchange format file is used for importing and exporting lists or transactions by QuickBooks desktop, it is ASCII text Tab-separated values (TSV) file. Due to IIF files, the data transfer to and from the different platforms becomes easier and company records are managed in a better way All (*) marked fields are mandatory. Import Settings. A host of powerful customisations for your file data is available with import settings.This is available in the Step 3: Review & Import screen or directly under Edit Menu in the menubar

Quickbooks accountant desktop plus 2019 > casaruraldavinaTECH TOPIC TUESDAY: Changing QuickBooks Desktop Product

How to Import and Update Inventory in QuickBooks Your

  1. Import Sales Receipts into QuickBooks Desktop. Import Sales Receipts from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #1 user rated and Intuit trusted bulk data automation tool built exclusively for QuickBooks.. SaasAnt Transactions (Desktop) supports QuickBooks Pro, Premier, Enterprise, and Accountant Editions
  2. Make sure you're aware of the import limitations and feature differences between QuickBooks Desktop and QuickBooks Online. If you are using a QuickBooks Desktop version older than 2016, download and install an updated trial, restore your company file, then use it for conversion
  3. How often are new software applications added to the Apps for QuickBooks Desktop market... New software applications are added to the Apps for QuickBooks Desktop marketplace as soon as they are tested and proven to work with QuickBooks Desktop to solve your unique business needs
  4. The most important thing to remember about converting QuickBooks Desktop to the Online version, is that the success of the process will depend on the complexity of your company file. This file contains all the information regarding your business, including inventory, banking history, employee information, accounting records, and suchlike

Welcome back to Educator.com.0000 This is QuickBooks lessons: inventory units of measure. We are going to be talking about setting up units of measure and what they are.0002 In QuickBooks, we can only use units of measure utilizing the QuickBooks version Premier or the Enterprise Solutions in QuickBooks.0010 So, it is more of the advanced software there.002 QuickBooks Enterprise Inventory. I've said it in the past multiple times, most of the innovative changes in QuickBooks Desktop will come in the Enterprise versions, and lots of them will be inventory-centric updates. Inventory Cycle Coun Below is a summary of the major advantages of QuickBooks Desktop over QuickBooks Online. Advanced inventory management. While QuickBooks Online provides only the first in first out (FIFO) method for inventory management, and that too only on select versions, there are two methods for tracking inventory with QuickBooks Desktop It depends on which version of QuickBooks Desktop you'd want to buy: Pro, Premier, or Enterprise. If you wanted to buy the basic QuickBooks Desktop software, QuickBooks Pro, for two users it will cost $549.95 before tax — although the company is currently running a promotion where the price would be $386.95 before tax instead

Best way to convert non inventory to invetory in Q

  1. Included With: QuickBooks Desktop Enterprise 19.0 maintenance release R3 or newer Gold, Silver, or Platinum subscription for using Cycle Counts with Microsoft Excel. Note: To use a mobile device with Cycle Counts requires Advanced Inventory (Platinum subscription). Accessible: From the menu bar, select Inventory > Cycle Count. Features: Depending on the amount of inventory a company has to.
  2. CPA, QuickBooks Maven, Fishbowl Guru. As a Top 100 QuickBooks ProAdvisor and Fishbowl Inventory Super Hero, Jeanne help s businesses change the way they do business by getting their inventory management, accounting and manufacturing systems all working together seamlessly
  3. Resolution. Method 1: Change individual customers. Select Customers > Customer Center; Double click on the customer you want to change; From the customer card, click Sales Tax Settings; On the Tax Item drop down menu select the desired Sales Tax ite
  4. g, especially for a manufacturer whose business relies on constantly exhausting materials to make finished products
  5. We are excited to announce that the new QuickBooks® Desktop Enterprise Accountant Edition is here! QuickBooks Desktop Enterprise is the preferred Accounting/ERP system for growing small- to medium-sized businesses that demand more capacity than what QuickBooks Desktop Pro, Premier and QuickBooks Online can provide for most start-up and small businesses
  6. Install Connector for QuickBooks Desktop. Download and install the integration software that enables a connection between QuickBooks Desktop and AvaTax. Establish a connection between QuickBooks Desktop and AvaTax. Enter your account information to start transactions flowing to AvaTax for tax calculation

How to Set Up Inventory Items in QuickBooks 2019 - dummie

  1. Lesson 10 — Set Up Inventory Receive Inventory QuickBooks Desktop 2020 Client Training 16 . 6. Specify the Date the items were received. 7. If applicable, add more information to the item receipt such as a Reference number and an additional Memo. 8. Click . Save & Close. to process the receipt. 9
  2. In QuickBooks it is possible to change from non-inventory to inventory part types for items. It is not possible to change the items from the inventory type to non-inventory type. Just because you can change the type, doesn't mean you should. When the item type is changed, all the historical transactions are changed as well
  3. You can edit customers, inventory, non-inventory parts and service items lists that you have already entered into your QuickBooks data. 1 Open the account in which you need to change entries
Contractor Accounting Software - QuickBooks Desktop Enterprise

Quickbooks Online Inventory Adjustment - How to Adjust

If you don't like the way your Purchase Order looks or how the default QuickBooks template looks, you can change it to fit your preference. Here's how: Either select List > Template from your menu or go to the Purchase Order page from the home screen and click on Customize 1) Select Inventory Asset from the Adjustment Account drop-down when performing an Adjust Quantity/Value On Hand transaction QuickBooks will force the user to select an offset account when adjusting inventory using this window under the Vendors drop-down or Vendor Center I have a small manufacturing business and currently all of my purchases are recorded to the default COGS account in QB Desktop. I am trying to figure out the best way to handle periodic inventory recording and generate reports (quarterly or at the very least end of year) with an accurate COGS based on counted inventory

How to manage inventory in QuickBook Online - YouTub

QuickBooks Pro 2021. Your first option is to purchase an annual subscription. QuickBooks Pro Plus 2021 is priced at $299.99/year, although you may qualify for discounts when purchasing directly through Intuit.With this subscription plan, you'll have full access to QuickBooks Desktop, as well as unlimited customer support, automatic backup and recovery, and automatic updates and patches Pros and Cons of QuickBooks Online vs. QuickBooks Desktop. As Maryland QuickBooks experts and trainers, we often get questions about QuickBooks Online.This is a relatively new addition to the QuickBooks family of accounting software, but it has already gained popularity among many users Select the Company Preferences tab, choose Serial/Lot Numbers, and select the default setting to require serial/lot numbers. Optionally, to set the requirement on an individual inventory item, from the menu bar, select Lists > Items List. With your mouse cursor, select the item, and right-click to edit Hopefully, this gives you a better understanding of inventory accounts, inventory assets and COGS. To recap, these three elements are used primary for inventory tracking in Quickbooks. If your business needs to track inventory, you should consider using them. They are available in all versions of Quickbooks Desktop I've started Selling on Amazon and now I'm trying to figure out how best to enter the Amazon Transactions into Quickbooks Pro Desktop 2019. NOT Quickbooks Online! I am not looking for another 3rd party software or service that I have to pay monthly for (and would probably struggle with the integration anyway.) I am NOT looking for inventory software. I just want to be pointed to.

QuickBooks: How to Change Inventory to Non-Inventory

Getting Started with Syncing Purchase Orders to QuickBooks Desktop Setting up purchase orders to sync with QuickBooks when using a desktop environment is a two step process. The first step is configuring the integration tool and the second step is the configuration of the back office administrative QuickBooks desktop settings QuickBooks Desktop has the following features not found in QuickBooks Online: Unlimited companies: One license to QuickBooks Desktop allows you to do the bookkeeping for an unlimited number of companies. Additional inventory options: QuickBooks Desktop has more robust inventory tracking and costing features. For instance, you can create an. QuickBooks stores the actual description recorded on each line of every invoicing and purchasing form, so the Description you enter when recording the Item is only an aid to filling out a form. If the Service Item is used in assemblies or performed by a subcontractor or owner, click the checkbox indicating This service is used in assemblies or. How to Transfer Items From Headquarters (HQ) to Store 2 in QuickBooks Point of Sale Desktop The transfer of merchandise from one store to another is done using a Transfer Slip. A transfer slip is a transactional document that deducts the transferred merchandise from the source store's item quantity (in this case HQ) and adds it to the.

Solved: Will quickbooks desktop track inventory

In QuickBooks Enterprise go to Edit > Preferences > Integrated Applications > Company Preferences Tab > Find the Velocity Inventory For QuickBooks line and click on the word Inventory. This will highlight the line, click on Properties and make a note of the Login As user QuickBooks Tips & Tricks - Inventory versus Non-inventory Items. Inventory in QuickBooks is based on average cost. If this is an acceptable method for the business, QuickBooks can work well when set up correctly and proper procedures are followed consistently for buying, selling and adjusting the inventory item balances QuickBooks ® Desktop Enterprise version 19.0 End-to-end business management made easy. 1. Over 6x the capacity of other QuickBooks products. 1 Enterprise helps make managing your accounting, payroll, payments, inventory, and more easy. Plus, with the same familiar look-and-feel, there's virtually no learning curve..

Change the Average Cost of an Item in QuickBooks - FieldEdg

The Retail Edition of QuickBooks Enterprise is ideal for large businesses in the retail industry and offers strong sales reporting and inventory management. QuickBooks Enterprise integrates with Shopify and QuickBooks POS, so companies already using these programs could benefit from direct integration with the QuickBooks Enterprise Standard. One of the most requested features in QuickBooks Enterprise has been Pick, Pack & Ship. Pick, pack & ship is a part of the complete supply chain management process.It is commonly used by distribution companies who process large batches of product. They unload the product from the truck or train, sort the products for specific destinations, and then print shipping labels and invoices for each. Inventory Sync. Keep inventory levels updated with every sale and return. Automatically update inventory levels when you add stock to QuickBooks Pro, Premier & Enterprise. Seamlessly sync group items, assemblies, and bundle items. Customer Success to Help You Gro Fishbowl Integrates Seamlessly with QuickBooks ® Fishbowl is the #1 QuickBooks inventory management add-on because it fills in the gaps in QuickBooks' service so well. QuickBooks is a great accounting tool, but lacks many features businesses need to track their inventory, such as barcode scanning, part tracking and advanced manufacturing tools The QuickBooks Desktop user adjusts company settings via the QuickBooks Desktop UI. Applications access them via the PreferencesQuery request, but have limited ability to change them via the SDK. In most cases changes must be made directly in the QuickBooks Desktop UI. Accounts. The QuickBooks company includes a chart of accounts

11 - Adjusting Inventory In QuickBooks - YouTub

Export General Ledger Details from QuickBooks to Excel. Once inside your QuickBooks, from the left navigation bar, click on reports. Then type in general ledger in the search field. At the upper right-hand of the report, click on export and choose export to Excel from the options. Then ok. In fact, it's also easy to export from Excel to Quickbooks How QuickBooks Handles it. Cash basis is a method of recording income as it is received and expenses as they are paid. Many service businesses use this method for income tax purposes. In QuickBooks this is usually achieved through simply entering checks and deposits, either on the forms, or directly into the register QuickBooks Desktop Pro Plus is an annual subscription which must be renewed every year to maintain access to your software. The Plus subscription includes QuickBooks Pro, 24/7 support, automatic backups, upgrades, and a 60 Day Money Back Guarantee. QuickBooks Desktop Pro is a one-time purchase with the software being supported for three years QuickBooks Desktop Enterprise allows you to add up to one million names (e.g., customers, vendors, employees) and up to one million items (e.g., inventory, non- inventory, and service items). Some performance degradation is likely as your lists approach these size thresholds How to switch between QuickBooks files; How to switch to Single-user Mode in QuickBooks Desktop; How to track and transfer quantities of your Inventory in QuickBooks; Invoice amount in QuickBooks is different from in FieldEdge; Invoice failed to post to QuickBooks - index was outside the bounds of the array; Invoice failed to post to QuickBooks.

Quickbooks Desktop Icon at Vectorified

How to Use QuickBooks for Inventory (with Pictures) - wikiHo

Stop. Don't build an e-commerce system, go use one of the hundreds that exist already and write a connector (if there's not one already). If you're going to sync to a system like Quickbooks, don't do it real-time, do it in a batch process that is resilient to things like her desktop being turned off, the crappy office internet (compared to a datacenter) being slow or down, etc Don't forget to check out the rest of our QuickBooks Desktop Pro 101 Series to learn how to create invoices, create estimates, add sales tax rates, and more. Overwhelmed by QuickBooks Pro? Maybe it's time to switch to QuickBooks Online. QBO is easy to use, cloud-based, and affordable

New QuickBooks or Switching from QBO to QBD (or vice versa

Jim, I wouldn't recommend doing that change. It could have a huge impact on your financial statements because non-inventory items are posted differently than inventory items, and QuickBooks usually tries to change the transactions to match the types. It could be a disaster. If you want to see what happens, make a backup of your company file. QuickBooks Online QuickBooks Desktop QBO Plus QBO Essentials QBO Simple Start QBDT Pro QBDT Plus QBDT Mac QBDT Enterprise QBDT POS QuickBooks Online Full Service Payroll QuickBooks Online Payroll QuickBooks Accountant Full Service Payroll (Payroll First) QuickBooks ZeroPaper QuickBooks Mobile QuickBooks Android QuickBooks iPhon Here's a tutorial on how to customize invoices in QuickBooks.How to add a logo to your invoice https://youtu.be/tuT3wmNBvAIDon't miss a tip, Join my Tips & T.. How to Change the Password for the TJOHNSON User Account; Best Security Practices for QuickBooks Point of Sale/QuickBooks Financials; See all 35 articles Enterprise, Premier, Pro, and QuickBooks Online ★ Benefits QuickBooks Desktop Enterprise 2018; QBES and Payroll Service; How to Backup your QBF Desktop company fil QuickBooks Payments accounts are subject to credit and application approval. See the Merchant Agreement for complete terms and conditions, including additional pricing information.To apply, you must be eligible under our Acceptable Use Policy.Terms, conditions, prices, payment, features and services are subject to change Inventory Valuation. QuickBooks values your inventory using an average costing calculation, as opposed to other types you may be familiar with, such as LIFO, FIFO, or specific costing. If you need another costing method, you will have to use a third party addon program that manages inventory outside of QuickBooks

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