What is inventory assembly in QuickBooks?
QuickBooks provides users with the ability to create databases of information that the program uses to automatically fill in purchase orders and invoices. An inventory assembly is a collection of items in your inventory that you are selling as a bundle. Each item in the assembly is labeled as an inventory part.
What does the group item type do in QuickBooks?
In QuickBooks a group item is a specific type of Item that is used to quickly enter a bundle of individual items that are typically bought or sold together where tracking the detail on individual items is desired.
How does inventory assembly work in QuickBooks?
Assemble your product in QuickBooks
- From the Inventory menu, select Build Assemblies.
- Select the product you want to build from the Assembly Item drop-down.
- Check the quantity available for this product at the top.
- You can see the list of components you need to build your product.
- Add the Quantity to Build.
What types of items can be included in an inventory assembly item in QuickBooks?
An inventory assembly item is made up of a Bill of Materials (visible by clicking the Full View… button) which can contain a range of item types: service, inventory part, another inventory assembly, non-inventory part, and other charge. Note that a subassembly can be nested within an inventory assembly.
What is the difference between inventory part and inventory assembly in QuickBooks?
Create the Inventory Assemblies Inventory assembly items require using either the QB Premier or Enterprise edition. The primary difference from an inventory part is the ability to assign a component list, a bill of materials (or “BOM”) which is a list of all components contained in an assembly item.
How do I put inventory items in QuickBooks desktop?
- From the Lists tab, choose the Item list.
- Right-click anywhere and press New or Ctrl+N.
- In the Type drop-down arrow, select Inventory Part.
- In the Item Name/Number field, enter the name of the item.
- Select an Income Account for your sales.
- Enter the quantity in the On Hand field.
What is the difference between group and assembly in QuickBooks?
In the traditional QuickBooks view, the inventory assembly item is what a manufacturer is working with. A group item is usually used more by distributors that are putting together standard kits or boxes at the time you are shipping.
How do I create an inventory assembly in QuickBooks desktop?
Add Inventory Assembly Items in QuickBooks Premier
- Choose Lists→Item List.
- Click the Item button in the Item List window and select New from the drop-down list.
- Select the Inventory Assembly item from the Type drop-down list.
- Specify the account to use for tracking this item’s cost when you sell it.
What is inventory part?
An Inventory Part is one type of Item and is maintained on the Lists->Item List menu selection. An Inventory Part represents an item that your firm keeps on hand for sale to customers. It can be stocked and sold on its own or included as part of an inventory assembly.
What are other benefits of using items?
What are other benefits of using items? You can track the actual quantity of goods or services you sell. They can save you time by automatically entering a description and price on forms. They allow you to track a lot of detail without cluttering your Chart of Accounts.
How does an inventory Assembly item work in QuickBooks?
An inventory assembly item is a new item created out of a bundle of individual items, reducing the quantity on hand of the individual items used to create the assembly. Where an inventory assembly item functions like a pre-assembled kit, a group item functions like an “on the fly” kit.
What’s the difference between a group and an assembly in QuickBooks?
This document was written with QuickBooks 2006 Premier and Enterprise Solutions Versions in mind but it applies to other versions of the software also. The primary difference between a Group and an Inventory Assembly is that one can not use a service item in an Inventory Assembly.
How does a group item work in QuickBooks?
Where an inventory assembly item functions like a pre-assembled kit, a group item functions like an “on the fly” kit. A group item enables a company to track the detail of each individual item in the group while optionally providing a way to simplify information presented to customers and vendors.
How to make an assembly inactive in QuickBooks?
[Solution] How to Make an Assembly Inactive in QuickBooks 1 Go to Lists menu at the top, then pick Item List. 2 Double-click the assembly that you want to make inactive, then zero out the quantity of the items on the ITEMS section. 3 Press OK. 4 Right-click on the assembly name, then choose Make Item Inactive. See More….