Hi. What is the difference between inventory and inventory assets when adding a product into QB? Does it make a big difference depending on which one I select?

Glad to have you here in the Community, @leelah_sxm-hotma.

I can give you some information about inventory and inventory assets in QuickBooks Online (QBO).

In QBO, you have the option of adding inventory as well as non-inventory items to QuickBooks. Inventory items are those that your business has in stock (ex: if you are an electronics store, you can track the number of a certain television model).

While inventory assets are goods or items that a company plans to sell for profit. These items include any raw production materials, merchandise, and products that are either finished or unfinished. Inventory assets are your saleable inventory.

I've included these articles for reference about adding and adjusting inventory quantity on hand:

• Add inventory products in QuickBooks Online
• Adjust inventory quantity on hand in QuickBooks Online

Feel free to leave a comment below if you have other questions. I'm just a few clicks away.