I want to check that this is possible or if it would cause any unexpected problems. I want to add an Inventory Asset Account to my chart of accounts, but I don't need or want to track individual inventory items.
Why would I do this?
First, cost, if I'm not tracking individual inventory items I (theoretically AFAIK) can use a cheaper plan that does not include inventory tracking.
Second, my inventory needs are a bit unusual, each item is unique and will never have a quantity greater than 1. They are also intangible items that have to be managed outside of Quickbooks anyway so I can use the external management system to track individual items. But I of course want the correct ledger entries to track it from an accounting perspective.
I could even get a developer to integrate our external management tool with Quickbooks so when we add/remove a new item it could use the QB API to add a matching expense, sale, or charge it off to the appropriate account.
With that in mind would this work or cause any issues I am not thinking of?
