QuickBooks 2014 The Guide, 2nd Edition

Chapter 5

Creating Items for What You Sell

In this chapter:

•  Understand how QuickBooks uses items

•  Understand the different types of items that QuickBooks uses

•  Create an item

•  Set up sales tax items

In QuickBooks, you use items to list the things you sell on an invoice and other sales-related transactions. You can also use items on a bill to tell QuickBooks about the things you’re buying from a vendor. An item can be a product (that you may or may not be tracking as inventory), a service, or another necessary entry on a sales or purchase transaction.

What other items could be used in a transaction besides products and services? Well, think about the many different elements you see on an invoice. Are you required to charge sales tax? ...