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Resale and non-inventory items

I use quickbooks premier manufacturing and qhoolesale.

 

I have a couple different things I use items for.

 

I sell insurance. I get paid commission. I use items as non-inventory. I name the item whatever type of insurance product it is. A sale goes into receivables and I receive payment. It seems to wok great. I could also set the items up as service items but it seems like non-inventory is best. Any suggestions??

 

Also I receive income for ads for my business, ex. google adsense pays me.  I named the item ad income. Should this item be a non-inventory item again or a service item?? Seems like the only 2 choices.

 

Also I receive some licensing income. Here I named the item license income but again should the item be a non-inventory item or a service item??

 

These 2 items seem like the only 2 choices.

 

Thanks for any input.

 

 

Solved
Best answer 03-08-2019

Accepted Solutions
Established Community Backer ***

Re: Resale and non-inventory items

As you suspect - there is no real difference between service and non-inventory items, they both fiunction exactly the same.  I assume QBs idea is that you use 'non-inventory' for physical goods that you may buy or create and 'service' for non-goods.

These description are just to give you a couple of general categories to start organizing your items. But either will work.  

View solution in original post

2 Comments
Established Community Backer ***

Re: Resale and non-inventory items

As you suspect - there is no real difference between service and non-inventory items, they both fiunction exactly the same.  I assume QBs idea is that you use 'non-inventory' for physical goods that you may buy or create and 'service' for non-goods.

These description are just to give you a couple of general categories to start organizing your items. But either will work.  

View solution in original post

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Re: Resale and non-inventory items

Thank you.

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