Learn to use Intuit’s QuickBooks Online Products and Services list to track your services, product line, sales, inventory management, and cost of goods sold.
What You’ll Learn
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Defining Income accounts in the Chart of Accounts
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Setting up your Services list
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Setting up your Products list
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Selling services to your customers
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Using Invoices and Sales Receipts
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Using Purchase Orders to buy products for resale
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Managing Inventory
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Running Reports to show your best-selling services & products, and profit margins by revenue stream and customer
Items & Inventory for QB Desktop Course Description
Products and Services in QuickBooks Online lists your small business’s product line, and the services offered to your customers. QBO also has inventory management accounting. Learn to use Intuit’s Products and Services list to track your sales, inventory assets, and cost of goods sold.
Set up a list of the services you provide and/or the products you sell. Add them to your Invoices and Sales Receipts to show customers what they paid for. Manage Inventory. Run reports to find out your best-selling products and services that make you the most money.
Instructional LevelBasic
Course Length1.5 hours
Course Credits1.5 CPE, Certificate of Completion
Field of StudyAccounting/Bookkeeping
Delivery MethodQAS Self Study
Who should take this class?
Advance PreparationNone |
Evergreen Access (Made to Stay Current)
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Your purchase is designed to stay useful long after you finish the course! As the software changes, we refresh the content so you’re not learning from outdated screens. You’ll also have access to the class discussion/Q&A so you can ask questions when real-life situations pop up. And because it’s lifetime access, you can revisit the videos, handouts, and materials anytime you need a quick refresher.
Live Session + Replay Included
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If you can’t attend at the scheduled time, go ahead and enroll—your live registration includes free access to the on-demand replay. We record every live class and post an edited version to the course page within two weeks of the class date. Once it’s available, you’ll receive a notification inside your OWLS portal.
While the replay is being published, you can download the notes/handouts and complete any quizzes or questionnaires so you’re ready to follow along when you watch.
Refunds & Cancellations
Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.

Royalwise Solutions Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Course Credits: 1.5 CPE, Certificate of Completion. Must be awarded within one year of enrollment.
Course Updated: December 2021
Course Page Updated: March 2026
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Here is the course outline:
1. Download the HandoutDownload the handout that goes with the course. 1 section
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2. Watch the Video: QuickBooks Items, Products, Services, and InventorySet up a list of the services you provide and/or the products you sell. Add them to your Invoices and Sales Receipts to show customers what they paid for. Manage Inventory. Run reports to find out your best-selling products and services that make you the most money. 1 section
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3. Take the QuizTake this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points! 1 section
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Completion
The following certificates are awarded when the course is completed:
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Royalwise CPE Certificate |
