Skip to main content
M
Mark Krikava
April 18, 2024
Question

Inventory builds can't have a class?

  • April 18, 2024
  • 1 reply
  • 0 views

Just set up inventory in QB--about a dozen parts for a couple inventory assemblies.

 

After I built some assemblies I ran reports and there is an amount showing up in COGS with no class assigned, and it's a different amount than the COGS from sales that is under the correct class.

 

First, why is there any amount in COGS from builds? Don't all the part costs add up to the finished build cost? Shouldn't it always be net $0?

 

Secondly, why aren't builds assigned the same class as the finished product?

 

Third, we still can't assign a class to inventory items. That's not a question, just an observation that for as long as I've been using QB that is something I've been asking for.

 

Thanks,

 

-Mark

1 reply

DivinaMercy_N
DivinaMercy_N
April 18, 2024

I'll share details about the inventory builds in QuickBooks Desktop (QBDT), Mark.

 

When setting up inventory assembly, COGS will show as $0. The part costs won't add up to the finished build cost. This is because the program will recognize it as a new item. You have to manually enter the cost of the assembly.

 

The same goes with classes. Parts that are assigned to assembly won't automatically assigned to the same class. You still have to select the class appropriate to this build.

 

Additionally, you can assign the class to an inventory item by modifying the preferences in the Company Preferences menu. Here's how:

 

  1. Go to the Preferences menu by clicking the Edit tab.
  2. Next, click the Accounting tab and select Company Preferences.
  3. In the Class section, check the Use class tracking for transactions box.
  4. Then, check Assign classes to and select Items.
  5. Click OK.

 

For reference, read this article: Combine your inventory items to build finished goods (assemblies). 

 

I also suggest reaching out to your accountant for additional guidance in managing your build assembly. 

 

You can always post a reply below if you have other concerns managing your inventory assembly. I'd be glad to provide further help. Have a good one.

Terms & ConditionsAccessibility statement