Hi there. I just started a new business and signed up for QuickBooks Online. I am new to QB and accounting. I am looking for an accountant to help me figure things out but haven't found one yet. In the meantime, this question doesn't let me sleep: Why there are two different accounts in QB, Inventory and Inventory Asset? I asked two different people from QB and this is what they basically saying (I copy/pasted their reply): "So they are items that the company sells for profit. Inventory can be anything that isn’t being sold."  But this answer doesn't explain anything to me. Is there anybody here who knows why there are two inventory accounts and which I should use? We have parts that we sell in the store and parts that we use in service.