What is QuickBooks non-inventory item?
Non-inventory items are goods or services a business uses or sells that are not tracked as part of its inventory. These items are typically not so significant to require individual tracking or are not sold frequently enough to justify the cost of tracking them.
Examples of non-inventory items include office supplies, cleaning supplies, equipment rentals, repair and maintenance services, consulting services, and travel expenses. Non-inventory items can also include small or incidental items necessary for daily operations but do not fit into a specific inventory category.
In QuickBooks, non-inventory parts are tracked separately from inventory items. They are typically assigned a different account type or category in the chart of accounts to make it easier to keep track of them separately from inventory items. By tracking non-inventory items separately, businesses can maintain accurate records and make informed decisions about their overall expenses and revenue.