You need to turn on inventory tracking in QuickBooks before you can create inventory parts; however, you can set up non-inventory parts without changing the settings in QuickBooks.

How to Set Up COGS in QuickBooks. Costs of Goods Sold, or COGS, tracks all of the costs associated with the items you sell, which allows you to calculate gross profits accurately. COGS accounts ...

QuickBooks Online, Intuit’s service for small business accounting, is now set up to better help businesses focused on selling products. Karen Peacock, the company’s vice president of small ...