Which item type would you use for items you buy and sell but don't track how many you have on hand?

Study for the QuickBooks Certified User (QBCU) Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

Which item type would you use for items you buy and sell but don't track how many you have on hand?

Explanation:
Non-inventory parts are used for goods you buy and sell but don’t track how many you have on hand. They let you record purchases and sales without maintaining a quantity on hand, which fits when stock isn’t counted or replenished through inventory tracking. If you wanted to track quantities, you’d use inventory parts, which update on-hand counts as you buy and sell. Service items cover services rather than physical goods, and inventory assemblies are for kits made from multiple parts that you track as a single on-hand item. So for items you buy and sell but don’t track inventory, non-inventory parts is the best fit.

Non-inventory parts are used for goods you buy and sell but don’t track how many you have on hand. They let you record purchases and sales without maintaining a quantity on hand, which fits when stock isn’t counted or replenished through inventory tracking. If you wanted to track quantities, you’d use inventory parts, which update on-hand counts as you buy and sell. Service items cover services rather than physical goods, and inventory assemblies are for kits made from multiple parts that you track as a single on-hand item. So for items you buy and sell but don’t track inventory, non-inventory parts is the best fit.

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