Tag Archives: items

Altering a Service Item in QuickBooks Online

This article addresses the issue of what to do when you discover one of your service items is not booking transactions correctly to your chart of accounts. Perhaps you reviewed a Profit and Loss report and discovered the following scenario:   One of your Cost of Goods Sold accounts has a huge negative balance.  

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Double-Sided Inventory Items in QuickBooks Desktop

Inventory items are tracked items that you sell to your customers.  These items can also be used as parts to build inventory assemblies with. When creating your Inventory items, you should opt to make them “double-sided.”  This means that when you purchase an item, the appropriate expense/COGS account will reflect this item on your Income

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