Inventory, Non-Inventory, or Service?
One of the most common — and costly — setup mistakes happen before a single transaction is ever entered: choosing the wrong item type. It’s an easy fix when you know what to look for, but left unchecked, it can quietly corrupt your reporting, your reconciliations, and your month-end close. Here’s how to get it right.
Understanding the Difference Between Item Types in Sage Intacct
If you’re using Sage Intacct for inventory, purchasing, or order management, choosing the correct item type is more important than it might seem at first glance. Item types determine how transactions flow through your system, how revenue and costs are recognized, and whether inventory is tracked at all.
Using the wrong type can lead to extra work, reporting issues, reconciliation headaches, and operational confusion. In Intacct once you select the item type and save the record you are not able to edit the item type if you selected the wrong type. It can be a lengthy process to correct item types by creating new item numbers with the correct item type. So let’s break down the key item types in Sage Intacct and what makes each one unique.