Dear Kevin,
QuickBooks Point of Sale "POS" Pro system has an "item style" setup. This lets you create item variations simply, but is not offered in QuickBooks Pro, Premier or Enterprise. You would need to purchase "POS".
This will save tons of time initially and tons of time when adding/taking inventories. FYI-This feature is not in the POS Basic only the Pro version.
From the link below...
"Imagine that you carry 20 different shoe lines, all of which tend to have the same or similar size and color combinations. Having to re-enter the same sizes and colors for every shoe you carry would quickly become tedious.
Enter the
style template. A style template is a user-defined array of item attributes: sizes, colors, patterns, material, etc., that can be used repeatedly to quickly add a style to inventory. Each template can be used for an unlimited number of styles."
POS: Item Styles: Overview