QuickBooks 2016: The Best Guide for Small Business, 2nd Edition

Chapter 3

Creating Items, Other Lists, and Your Beginning Balances

In this chapter:

•   About items

•   Creating items

•   Using QuickBooks lists

•   Class types and other lists

•   Creating opening balances

This chapter introduces you to additional lists and items you may use in your transactions. QuickBooks uses items to list the things you sell in sales-related transactions. You can also use items on a bill to tell QuickBooks about the things you buy from a vendor. An item can be a product (that you may or may not be tracking as inventory), a service, or any necessary entry on a sales or purchase transaction. You’ll learn about many of the different items you can use in QuickBooks, except for payroll items (covered in Chapter 9) and inventory ...