How do Ienter a unit in inventory consisting three different components

Hi there, Soundra.

Welcome to QuickBooks Community. I'll share information about how inventory or items works in QuickBooks Online.

Currently, there's no option to enter or show a unit in inventory with different components or categories in QuickBooks Online. You can only select 1 category per item. 

As a workaround, you can create or enter as a Bundle item consisting of three different components. You can use this product item for several products or services you sell together as a single item. For example, a gift basket.

Here's how:

1. Go to the Gear icon ⚙ and select Products and Services.
2. Click the New button and choose Bundle.
3. Add a name. If you track SKUs, enter an SKU for the product.
4. Enter a description if necessary.
5. You can put a checkmark in the Display bundle components when printing or sending the transactions box.
6. Enter the Product/Services and the QTY.
7. Hit Save and close.

For additional information, you can click this article: Add product and service items to QuickBooks Online.

Please refer to this article to view various information about the different item types in QuickBooks and how these will help you categorise the products and services for better tracking: Change product and service item types in QuickBooks Online.

It's my priority that all of your concerns addressed. I value you and the success of your business. I'm only a few clicks away if you need me. Have a fantastic day!

Thanks a lot Christie.

It is highly appreciated. One more question. When I sell the item, how do I record the Cost of Goods sold a as I believe there is a way to link  the sale and Cost of sales.

Can you kindly enlighten me on this please?

Kind Regards

Constantine

Thanks for your prompt reply, Constantine.

When you set up your first inventory item in the Product and Services page, QuickBooks automatically adds two accounts to your Chart of Accounts.

• Inventory Asset - Other Current Asset
• Cost of Sales (COS) - Cost of Sales

To track your COS, make sure to enable the inventory feature by following these steps:

1. Go the Gear > Account and settings.
2. On the left panel, click Sales.
3. In the Product and services section, select the toggle icon next to Track inventory quantity on hand.
4. Hit Save and then Done.

After the steps, add the inventory item in the Product and Service page. Here's an article for the steps: Add inventory products in QuickBooks Online.

Then, use the item when you create an invoice or sales receipt. Normally, the Cost of Sales account is only affected when you sell the inventory items. To view the affected accounts, you can run the Transaction Journal Report for the invoice/sales receipt.

Here's a sample screenshot of what it looks like:

.

To learn more about the process, you can read this article: Set up and track your inventory in QuickBooks Online.

For any additional questions or other concerns, please let me know in the comments below. I'll be right here to answer them. Have a good day!