The products and services list Flashcards
What is the purpose of the Products and services list in QuickBooks Online?
The Products and services list in QuickBooks Online helps clients keep track of the items and activities they provide, whether they sell products, offer services, or receive donations.
What can be found within the Products and services list?
Within the Products and services list, clients can find information about what they sell or provide, including the income account, sales price, and taxability of each item.
What are the different types of products and services that can be added to the list in QuickBooks Online?
The different types of products and services that can be added are: Inventory, Non-inventory, Service, and Bundle.
How can clients use product categories in the Products and services list?
Clients can use product categories to organize items within the Products and services list. This feature allows them to group relevant items together for better organization.
How can clients add a new product or service to QuickBooks Online?
Clients can add a new product or service to QuickBooks Online by navigating to the Products and services screen from the Sales menu, selecting “New,” choosing the type of item from the list, and then providing the necessary details such as name, category, description, sales price, income account, sales tax, and more.
