Which product/service type is available only to clients with QuickBooks Online Plus or Advanced?

The correct choice identifies inventory as a product/service type that is exclusively available to clients using QuickBooks Online Plus or Advanced. This means that to use the inventory feature, businesses need to be on one of these higher-tier plans, which are designed to accommodate more complex financial needs, including inventory management.

Inventory tracking allows users to manage their stock levels, understand product costs, and streamline sales processes. This feature is essential for businesses that need to keep track of physical goods, such as retailers or manufacturers. The QuickBooks Online Simple Start or Essentials plans do not include the inventory functionality because they cater to businesses with more straightforward financial management needs, focusing on invoicing and expenses without the complexity of tracking physical inventory.

Businesses using Plus or Advanced can take full advantage of more advanced features to deal with stock, including setting up different items, tracking quantities on hand, managing stock levels, and linking inventory to sales and purchasing, which are vital for making informed business decisions.