I'm here to help you set up the product and service items you buy and sell in QuickBooks Online.
- Inventory. Products you buy and/or sell and that you track quantities of.
- Non-inventory. Products you buy or sell but don’t need to track quantities of, for example, nuts and bolts used in an installation.
- Service. Services that you provide to customers, for example, landscaping or tax preparation services.
- Bundle. A collection of products or services that you sell together, for example, a gift basket of fruit, cheese, and wine.
You can follow the steps below:
Add a new product or service item:
- Go to the Sales menu, and click the Products and Services tab.
- Click New, then select Service.
- Add a name. If you track SKUs, enter an SKU for the product.
- Select the category that best describes your product or service from the Category ▼ drop-down.
- Mark the I sell this product/service to my customer's checkbox. If you don't sell the item, you can leave it unchecked.
- In the Sales information section, enter a description.
- Enter an amount in the Sales price/rate field.
- Choose the Income account from the ▼ drop-down list and the account you want to use to track the sale.
- Select a category from the Sales tax category drop-down list if the service is taxable or not, then click Save and Close.
For more details and steps to take: Add product and service items.
I'll add this article for future reference: Record invoice payments in QuickBooks Online.
For additional QuickBooks-related concerns, don't hesitate to post them here in the Community. We're always available and willing to lend a hand to your queries. Have a great day ahead.