Inventory parts & assembly items both are similar as they both allow you to record a bunch of items as a single transaction within your sales or purchase forms. Though they are similar in one sense, but they differ a lot as well. Here are some key differences.
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Difference – QuickBooks Inventory Part vs Inventory Assembly
Inventory parts |
Inventory Assembly |
| They cannot be a part of any other group. | They can be nested in group of items. |
| It lets you print on your sales or purchase forms any individual entry included in the group. | Only the name of the assembly will be printed and not the individual components. |
| If you want reports for groups then, it is not possible within inventory parts. | If you want reports for Inventory assembly then they can be made available in the Standard inventory reports. |
| Inventory in hand is adjusted in inventory at the time of sale. | They are adjusted when the assembly is build. |
| We calculate sales tax on the basis of each individual item that appears in the sales tax group. | One code applies throughout the assembly. This is applicable even if code differs for any item. |
| The inventory tracker within quickbooks tracks every individual item presented and not the group as a whole. | It tracks the whole assembly. |
| Sum of the price of every item is the price of the entire group. | Here the price is anything that you would specify. |
| Here non-taxable and taxable items both are included. | Assembly is either categorized under taxable or non-taxable. |
If you need any further help or need more info then please give us a call at our askforaccounting support team.
