RPPC Inc – Often times we see clients who have set up a separate account for each product or service they provide. Instead, users should use Items in QuickBooks to distinguish between the products and services they offer. The Chart of Accounts lists all your asset accounts, income accounts, expense accounts, liability accounts, etc. The Item list is used to differentiate the income – For example, in a lawn and landscape company, you could have an Items called Mowing, and Seeding, both linked to a single Income account. This video will show you how to set up an item, and link it to your chart of accounts.
Need help? Feel free to reach out to 816.885.0487
For more information on setting up your QuickBooks file, call RPPC at 816.885.0487