Furniture showroom inventory

Thanks for coming here, Mindyrussell7.

Items purchased but not for sale are considered to be non-inventory. In QuickBooks Desktop (QBDT), you can record the pieces of outdoor furniture as a non-inventory item. 

Here's how to create an item:

1. Go to Lists,  then select Item List.
2. On the Item List window, select Item then New.
   
3. Select the type of item you want to create. In your case, choose Non-inventory Part.
4. Fill out the item fields.
5. Use Custom Fields to add your own customized fields.
6. Click OK.
   
   Check out these articles for more details about how inventory works in QuickBooks:

• Set up Advanced Inventory.
• Turn on Advanced Inventory.
  
  

For the report, you can run a couple of them. Here's an article for the list of reports that will help you review your weekly inventory: Balance Sheet and Inventory/Stock Valuation reports show different amounts for Inventory Asset accou....

Don't hesitate to let me know if there's anything else you need help with managing inventory. I'm here to help anytime.

Thank you for responding.  We actually use a third party inventory program that posts to QB, so I am not sure I should set this up as a non-inventory item as you suggested. 

I am trying to determine where this purchase would fall on the Balance Sheet.  The store owner wanted it to be classified as a fixed asset, but I am thinking that if is not inventory, it should just be classified "Other Asset." 

Do you have any additional thoughts?  Thanks again!