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M
Mark Rhoa
January 6, 2021
Question

Non-Inventory Items

  • January 6, 2021
  • 2 replies
  • 15 views

Hello,

 

We currently buy dies that we use to stamp out gaskets.  We have been entering the dies as non inventory items, which I don't think is correct.  What should we be entering them as?

2 replies

MonicaM3
MonicaM3
Level 5
January 6, 2021

 

Hi @Mark Rhoa,

 

Your company’s Chart of Accounts is as unique as your business. Having said that, I’d recommend asking your accountant about how to categorize the dies. That way, went it comes to tax time, they are reporting correctly.

 

I’d be happy to help with any other questions or concerns, just drop a comment below. I’ll be here!

M
Mark RhoaAuthor
January 7, 2021

When do Non Inventory items get charged to COG?  After they are bought or after they are invoiced?

G
GebelAlainaMQuickBooks Team
QuickBooks Team
July 18, 2022

Hello, 

Where can I find that option in QBO?


Hey there, @ASB2. Thanks for joining the thread. I'm here to help you out.

 

First, I'll need you to clarify the option you want. This way, I can share the correct information for your concern. Additional information will be greatly appreciated.

 

However, if you want to know where we can enter a non-inventory item, I'll show you how.

 

  1. Go to the Sales menu and select Products and services.
  2. Click New then, choose Non-inventory.
  3. Add the name of the item.
  4. Choose the category that best describes the service item from the Category dropdown.
  5. Fill out the rest of the fields as needed.
  6. Once done, select Save and close.

 

You can refer to this article for more details: Add product and service items to QuickBooks Online.

 

Additionally, you may visit this article as a guide on how you can track your products and services: Set up and track your inventory in QuickBooks Online.

 

If you'd like to see your sales and inventory status in the future, you can check out this article: Use reports to see your sales and inventory status.

 

Feel free to post a reply if you need anything else or if you have any additional information. I'd be glad to assist you anytime. Take care!

 

A
antoncleverence
December 12, 2024

Hello!

It sounds like you're looking for the right way to categorize your dies in QuickBooks. Since the dies are used in the manufacturing process, they might be better categorized as "Other Charge" items or "Fixed Assets" if they’re expensive and have a long lifespan. Non-inventory items are typically used for goods you don’t track in inventory, so this might not be the best fit.

Alternatively, if you're looking for a more robust solution to track inventory, you might consider using Warehouse 15 for QuickBooks. It helps manage inventory in real-time, print labels, and scan barcodes directly from a mobile device.

For more info on Warehouse 15, check out Cleverence Warehouse 15.
https://www.cleverence.com/solutions/quickbooks-warehouse-15/ 

Hope this helps!

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