COSTS - ENTERED ON PRODUCTS & SERVICES LIST FOR NON-INVENTORY ITEMS

When you generate the Product/Services List report, the cost will show up as the Purchase price in the columns, LYNNIE. I will provide some insights and outline the steps you should take.

In the Product/Service List report, you have the option to filter each column to show non-inventory items. This change allows the data to reflect the cost. For more information on how to customize reports, please refer to this article: Customize reports in QuickBooks Online.

Additionally, you need to ensure that you check the box for I purchase this service from a vendor. This way, the cost will be visible in the report.

For further information about setting up product and service items, click this link: Add product and service items to QuickBooks Online.

Furthermore, using QuickBooks Live Bookkeeping can greatly improve your accounting. It ensures your financial records are accurate and gives you access to expert support. This service not only makes bookkeeping easier but also saves you time when preparing reports and handling other tasks that help your business grow.

I'll also share these articles that can guide you on generating other reports to track your inventories and managing your items into different categories in QuickBooks:

• Use reports to see your sales and inventory status in QuickBooks Online
• Group products and services into different categories in QuickBooks Online

Please let me know how the report turned out or if you have any QuickBooks-related questions. Just reply to this thread, and I’ll get back to you.