Introduction

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.

This exploration of setting up your Items, Products & Services, and Inventory lists demonstrates the concept using QB Desktop for both Mac and PC, and QuickBooks Online. 

Instructional Level

Beginning through Advanced

Course Length

2 hours

Course Credits

2 CPE, Certificate of Completion

Prerequisites

  • Our QuickBooks® Online Fundamentals course, or
  • Prior QBO® experience.

Who should take this class?

  •   Business owners and employees who maintain their company’s financial records
  •   Students and job-seekers will boost their employment marketability
  •   Entrepreneurs and new business owners who are just getting started, and want to make sure they have solid business knowledge so that they can succeed
  •   Seasoned users looking to glean essential nuggets of information to make using QuickBooks® easier and faster than before
  •   Bookkeepers and Accountants who wish to brush up on their skills

 

What You’ll Learn

  • Defining Income accounts in the Chart of Accounts
  • Setting up your Services list
  • Setting up your Products list
  • Selling services to your customers
  • Using Invoices and Sales Receipts
  • Using Purchase Orders to buy products for resale
  • Managing Inventory
  • Running Reports to show your best-selling services & products, and profit margins by revenue stream and customer

Here is the course outline:

1. Download the Handout

Download the handout that goes with the course.

Download the handout here

2. QuickBooks Items, Products, Services, and Inventory

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.

QuickBooks: Inventory, Items, Products & Services

3. Quiz

Take 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!

Quiz: Products, Services, and Inventory Completion requirement

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate