Does anyone have experience in setting up a Retail client such as a Bridal Shop that custom orders everything. I want to use the Inventory system so that once I set up item it can track my Sales and Cogs at the same time but there seems to be some drawbacks as to the actal inventory part. I am not keeping more than one of each item and restocking. The inventory we do have is strictly samples. I would appreciate any thoughts or advice you might have.
Craig,
I probably would not use the inventory function as you really don't have any inventory. It sounds as if you show the customer samples, then the customer places an order. You then make an order with the dressmaker. You dont actually have many dresses in your store for sale.
I would probably just record my sales (using the sales receipt function if you like) to an income account. And then record the bill from the dressmaker to a COGS account.
If you do want to use the inventory function, then create non-iventory parts for each type of item you sell: bride dress, bridesmaid dress, other dresses, alterations, etc. Then you would assign each of these non-inventory items to a separate income account so you could track sales by type of item.
The bills for the samples would be recorded against "Samples" a COGS account or as an asset if they will last for over a year or more (in which case you would depreciate over their useful lives). Minor things like buttons, pins, needles, etc. I would just put into a COGS account like "Supplies".
But using the inventory item function for your situation would not be appropriate and would be very time consuming. Also samples are not inventory held for sale. Hope this helps.
While it doesn't get so much into inventory issues, you may be interested in a story that we published in Intuit ProConnection on a QuickBooks POS implementation in a bridal shop, "The Fox in the Bridal Shop," at
http://accountant.intuit.com/p...
Bill
Hello Craig - I am interested to know if you figured this out. I also own a bridal shop and having similar problems. We would appreciate any advice you can give.
Thanks!
Breanna
