In this series, we will explore the differences between a part and a product in Fishbowl Inventory. If you are new to Fishbowl, sometimes this can be a confusing concept, especially if you are coming from QuickBooks, which only uses “Items”. In this post, let’s talk about how Fishbowl treats Parts.
What is a Part?
In Fishbowl, Parts are anything that can be purchased, consumed, transferred, picked, manufactured, cycled, scrapped, etc. In other words, a Part is what you use in your everyday business. The only thing you cannot do with a Part, in Fishbowl, is sell it. Selling is reserved for your Products. We will talk more about products in our next post.
What Are the Different Types of Parts, and What Can You Do With Them?
- Inventory. Inventory-type parts are the most common for most businesses…for obvious reasons. Inventory-type parts can be purchased, received, tracked (e.g. serial numbers, lot numbers, and expiration dates), consumed during manufacturing, created from manufacturing activities, and inventoried.
- Non-Inventory, Service, Internal Use, Capital Equipment, and Shipping. All of these part types can be purchased,received, consumed during manufacturing, and created from manufacturing activities (though this may not be wise, from an accounting standpoint). These parts cannot be tracked by Serial Number, Lot Number, Expiration Date, etc. They also cannot be inventoried.
- Labor and Overhead. The only use for Labor- and Overhead-type parts is in the Manufacturing module. These parts cannot be purchased, nor can they be received. However, they can be consumed or created during the manufacturing process.
Part and Product Association
One last thing to remember about Fishbowl Parts:
You can have multiple Products associated with one Part, but you cannot have multiple Parts associated with one Product. Just let that sink in for a minute.