Products and Services list in QuickBooks
The Products and Services List of QuickBooks Products And Services shows the items that are sold by your business to the customers. You have to create the list by adding the items in it. It has 4 options to mention the type of item that is added in the list that is non-inventory, inventory, bundle, or service.
So, below you get to know how to add the items to make it a list in your QuickBooks account. It is important to make the list so that you can easily track your inventory item quantity and cost with the help of this list. Also the user needs to categorize all product and service item during QuickBooks Setup time.
With the help of this, the sales can be tracked so you can also able to check what products are selling and what are not selling. The invoices are created quickly that automatically fills the fields like price, description, and quantity of the product and services mentioned on the invoice that you are creating.
How To Set Up Products And Services In QuickBooks Desktop ?
Method to set up the Products and Services list in your QuickBooks Account
- Go to the Products and Services List
- For this, you have to click on the Gear icon in the QuickBooks window
- Then click on the Products and Services that is under the heading of the Lists in the settings
- Now create the new item in it
- In the Products and Services list
- Click on the blue button that is located at the top right side
- Mention the type of the item in the Item Type
- While creating a new item you have to mention the type of item that is like services, Inventory, and non-inventory items.
- Then set up the Inventory Item, Non-Inventory Item, and Service Item
- After selecting the type of items you have to do the setup accordingly.
- Setup of the inventory item
It is used to track the quantity and cost of the items that you sell or buy. You can track the inventory that if you are running out of stock so you can stock it up on time. It also allows you to check the items in inventory after every sale. The fields you get for this are Picture of the item, Name, Category, Sales Information, SKU, Purchasing Info, Expense Account, Quantity-on-hand, Cost of the item, Income Account, Inventory Asset Account, Sales price or rate.
- Setup of the services
You can select the service category in the field of item type that you are selling to the customers. The fields that required information are like Sales Information, Name, Income Account, and Sales rate/price.
- Setup of the non-inventory items
This option includes the tracking of the cost but not the quantity of the item that you used to sell or buy. You have to fill the fields properly with correct and complete information. In this, all the fields are the same as the inventory items except the Expense Account field.
- Now, Run the report of the Products and Services
You can run the report to get the whole list after adding the products and services. Click on the Run Report option from your display screen of products and services.
Moreover after the QuickBooks Delete Bill process , you find some issues in accounting then you need to go for Recover Accidentally QuickBooks Deleted Invoices , MyOnePro explained all processes in easy way .
Edit Modify QuickBooks Products and Services Categories
To modify the Products and Services on the List
To modify, you have to click on the option Edit in your QuickBooks account to do the modification in any information.
Delete Or Remove Any Services Or Product QB
To delete the Products and Services from the List
The product or service won’t delete from the list if you did any transaction using that item that you want to delete. If you won’t need that item any more than you can delete it easily but that still appears in the financial statements if you ever did the transaction related to that. You can inactivate that item that you can do by going to the edit option then click on the drop-down arrow and click on the Make Inactive option. By using this method the item will no longer display in the list of products and services. MyOnePro also explained process step by step Delete Expense From QuickBooks , user can check and follow instruction .
Help Products And Services Item QuickBooks Pro, Premier , Enterprise
Now, you know all the information about the products and services list in QuickBooks. Also, know how to do setup the items by creating the new one. So, you just need to do it accordingly if you want to create, modify, or delete things.
MyOnePro team is here 24/7 hours to help you by providing the solution and information for all your problems. You just need to dial the toll-free QuickBooks Helpline Number , email at to MyOnePro), or do a live chat with experts.