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