Method for tracking components in a utility meter

A method of assembling a utility meter having a plurality of components on a subassembly is disclosed herein. The method comprises associating an identification code, such as a barcode, with the subassembly and then entering the barcode associated with the subassembly into a first memory. Next, a lot identification code for each of a plurality of components of the subassembly is associated with the barcode of the subassembly in the first memory. The subassembly is then placed in the utility meter having an associated utility meter identification code. The utility meter identification code is then entered in a second memory and the utility meter identification code is associated with the barcode of the subassembly in the second memory. The first and second memory may be searched to determine lot identification codes for each of the plurality of components in the utility meter.