NonInventory Items

NonInventory Items
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NonInventory Items
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QuickBooks Online Training
 
Video Tutorial Over Noninventory Items

In QuickBooks, a noninventory part is one of the types of line items you can use when you are filling out a sales form or purchase form. Use noninventory part items to track merchandise that:

  • You purchase but do not resell.

  • You sell but do not purchase.

  • You purchase and resell but do not stock in inventory or track as inventory.

What's the difference between inventory and noninventory parts?

Inventory parts are items that you buy and then stock for a while before selling. QuickBooks tracks the quantity on hand, the current inventory value, and the average cost of your inventory items. It also tracks some accounting information like "cost of goods sold" for inventory items that you have sold.

Noninventory parts are items that you purchase (usually on behalf of a specific customer) and then immediately sell or install, or items that you sell without ever buying. For noninventory parts, QuickBooks will only track how much you have spent or taken in. Some people use noninventory parts even for items that they stock because they prefer a simpler approach—even though it gives them less information.

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