correct Account Type and Detail Type: I just Started. I added a new product for sale in my retail business. Should its account be Inventory or Inventory Asset? what’s the difference between the 2?
The key here is to select the correct Account Type and Detail Type in order to track inventory.
For creating inventory asset tracking in QBO, here is the right way to create a new account in the Chart of Accounts.
Account Type = Other Current Assets
Detail Type = Inventory
Name = Inventory Asset […]
Resolution for 'correct Account Type and Detail Type issue: 'I just Started. I added a new product for sale in my retail business. Should its account be Inventory or Inventory Asset? what’s the difference between the 2?' available: Yes.
The correct Account Type and Detail Type issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the correct Account Type and Detail Type issue yourself by looking for a resolution described in the article. If it is a complex correct Account Type and Detail Type issue or you are unable to solve the issue, you may contact us by clicking here or by using other correct Account Type and Detail Type support options.
For more information about resolving issues related to correct Account Type and Detail Type in Quickbooks/QBO or to get support for the issue 'I just Started. I added a new product for sale in my retail business. Should its account be Inventory or Inventory Asset? what’s the difference between the 2?', click the link below: