Inventory part

A type of line item you can use when you are filling out a sales or purchase form. Use inventory items to track merchandise your business purchases, keeps in stock as inventory, and then resells. For each inventory item, QuickBooks tracks the current number in stock and the value of your inventory after every purchase and sale. They appear on your Item list along with the other items you use on sales and purchase forms.

See also:  non-inventory part, item