“QuickBooks inventory part vs Inventory assembly” 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.
Difference – QuickBooks Inventory Part VS 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.|
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