Should I maintain inventory in QB?

Question

My company services and repairs computers. I provide a large variety of pieces and parts to my clients, including internal components, memory, drives, printers, usb hubs, mice, keyboards, etc. Other than 20-30 new parts that I keep for common repairs and upgrades, I do not really maintain an inventory to speak of. More often than not, I order parts per job, repair, or order.

What is the primary factor to consider when deciding whether to maintain inventory in QB and when to use non-inventory items?

thank you,

jm

HeyBub · Accepted Answer

IF it's possible (legally) to not maintain an inventory, then the considerations are: extra work vs. information obtained. For example, a book store that gets two dozen Sunday NY Times dropped off early Sunday morning would be foolish to enter them into inventory inasmuch as all will be sold within 24 hours. Obviously, there would be extra work for no gain.

In other words, a five-dollar solution to a five-cent problem is not a good idea. The status of 20-30 items can be kept on index cards.

Allan Martin · Answer

If you can stand up in front of a crowd with a bag over your head and say "I do not really maintain an inventory to speak of", then you do not need to maintain a perpetual inventory system in QB.

Please note the crowd and bag are not required, neither is standing up.

JM · Answer

Does that mean, "no."

Allan Martin · Answer

Yes we have no inventory.

Philip Nelson · Answer

These was this guy who wrote a song along those lines,  called "Yes we have no oranges".  But that's as far as he got,  he couldn't find a word to rhyme with "oranges".

Joanne · Answer

You may not be old enough to remember that it was bananas.

Phil Nelson · Answer

You are rigbt, I'm not. But the guy that wrote the jokeI repeated must have been.

Should I maintain inventory in QB?

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