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Audience: Customer

Module: Inventory

Time to read: 4 minutes

Applies to: All plans

Quick answer

Inventory items represent physical products, materials, or components used or sold by your business.

Common inventory types

Depending on your business, inventory may include:

• Finished goods

• Raw materials

• Components or parts

• Consumables

Why classification matters

Correct item types support:

• Accurate costing

• Proper stock tracking

• Clean reporting

Best practice

Define inventory items clearly before using them in sales or manufacturing.

Related articles

• How do I create and manage inventory items?

• How does Manufacturing use inventory?

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