What Is the Deferred Inventory Report?
The Deferred Inventory Report tracks inventory that has been shipped but not yet recorded in QuickBooks due to Amazon's new deferred order system This report helps align inventory records with accounting data.
What Data Does the Report Show?
The report includes three key columns:
On Hand– The total value of all orders that have left the warehouse.
Deferred – The value of shipped orders not yet recorded in QuickBooks.
Shipped Plus Deferred – Inventory value of On-hand stock plus deferred inventory. This amount should ideally be in QuickBooks.
Why Is This Report Needed?
ConnectBooks deducts Inventory when an item ships, but Amazon records the sale only when the payment is posted typically a few days later (Deferred Orders). This date difference can cause discrepancies between our inventory system and QuickBooks.
How Does It Help?
Until now, you couldn't reconcile inventory in QuickBooks with ConnectBooks because ConnectBooks has on hand asset value based on shipped orders, and QuickBooks has asset value based on posted sales. You can now see the asset value you are supposed to have in QB by viewing the Shipped Plus Deferred column.
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