Which of the following is NOT an item type available in QuickBooks Online?

In QuickBooks Online, the types of items that can be managed and tracked include Service, Bundle, and Non-inventory items. Each of these serves distinct purposes within the software, allowing users to categorize their sales and inventory correctly.

Service items are typically used for billing customers for services rendered rather than physical products. Bundle items allow users to group several products or services together and sell them as a single item, which is particularly useful for offerings that are commonly sold together. Non-inventory items are utilized for tracking products that are sold but not kept in stock, such as items purchased for resale that the business does not store on premises.

The item type that is not available in QuickBooks Online, however, is Asset. Although assets are an essential part of financial accounting and are recorded in the balance sheet, they are not categorized as item types within the sales and inventory tracking features of QuickBooks Online. Instead, assets are recorded separately in the Chart of Accounts, which serves a different purpose than the item lists used for sales transactions. Therefore, recognizing the difference between accounting categories and item types helps in understanding why 'Asset' is not an available item type in QuickBooks Online.