Quickbooks does not allow any spaces in lot/serials. Quickbooks has no specific lot/serial costing so there is no way to properly see the costs when quantity is debited or to audit Quickbooks to make sure it is using the correct values. A separate item adjustment must be created for that. To illustrate this, a new lot/serial adjustment can be created which will change the quantity in a specific lot/serial but that will not change the overall quantity on hand for the item.
You can have lots with a quantity that is greater than your quantity on hand, for example. There is absolutely no connection between the total quantity from all lot/serials and the quantity on hand for an item. In addition, when selling an item, a manually entered lot/serial can be used that has never been entered before and should not be available for sale. While there is an option to be warned if a lot/serial is not entered, because it is enabled at the company level it will warn for EVERY item. It means that I can sell an item without specifying a lot/serial even though in my business it should be required. Quickbooks has no way to force lot/serials to be entered leaving the possibility for data entry errors.
All Orders has expiration dates, up to 30 custom fields and attachments for EACH lot or serial #. QuickBooks has no way to store expiration dates or any other qualitative information associated with a particular lot or serial #. Once you turn it on for the company, the tracking is enabled for every item. Quickbooks does not let you specify tracking for only specific items.
QuickBooks forces you to select either Lot OR Serial # tracking.
QUICKBOOKS LICENSE AND PRODUCT NUMBER DIGITS SERIAL NUMBER
Comparison of Lot and Serial Number Tracking between All Orders and QuickBooksWhat can All Orders by NumberCruncher Lot & Serial # tracking do that QuickBooks cannot?.