QuickBooks Online is a cloud service offered by Intuit. The user can pay the monthly subscription fee rather than an upfront fee and access the software exclusively through a secure login using a Web browser.
If in QuickBooks Online you want to track quantity on hand for inventory items that you are donating or giving away, you can perform some specific instructions to record it provided by the QuickBooks Support Canada.
Besides the account for the original cost of the product/service(s) chosen, create a journal entry to move the cost out of the Cost of Goods Sold/Cost of Sales account and into the appropriate expense account.
Create a Journal entry:
Hope you have successfully tracked all the donated inventories. If still, you need further information or details regarding this article or any other issue you can seek the help of our techies. Just make a call to QuickBooks Technical Support Number 1-855-687-3777 and get the best possible solutions to your problems. Our team will assist you with the latest technology in a friendly manner. To connect and get instant help.
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