Using Quickbooks - Setting Up Items

Whether your business does, you'll probably use items in QuickBooks to represent the products and services you buy and sell. But to QuickBooks, things like discount, subtotals and sales tax are items too. In fact, everything that appears in the body of a QuickBooks form (such as an invoice) it is an item.
Items save time and increase consistency on sales and purchase forms. When you create an item, you describe what the items is, how much you pay for it, how much you sell it for, and the accounts to which you post the corresponding income, expense, cost of goods sold, and asset value. You also create items for other stuff you add to sales forms, like discounts, shipping charges, and subtotals.
If you do not use invoices, sales receipts, inventory and estimates, you do not need to use items. 
Planning your Item List can save you lots of frustration. By deciding how to name and organize your items before you create them in QuickBooks. Since QuickBooks Pro and Premier can not hold more than 14,500 items and once you use an item in a transaction, you can not delete that item, you need to plan how specific your items will be.
The best time to create items is after you've created your accounts but before you start purchasing goods from vendors or invoicing customers.

 

We can help you to set up items in QuickBooks

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