Whether you build houses, sell gardening tools, or tell fortunes on the Internet, you’ll probably use items in QuickBooks to represent the products and services you buy and sell. But to QuickBooks, things like subtotals, discounts, and sales tax are items, too. In fact, nothing appears in the body of a QuickBooks sales form (such as an invoice) unless it’s an item. You can also use items to fill in the bills and other purchase forms you record. Now that you’ve got your chart of accounts, customers, jobs, and vendors set up in QuickBooks, it’s time to dive into items.
This chapter begins by helping you decide whether your business is one of the few that doesn’t need items at all. But if your organization is like most and uses business forms like invoices, sales receipts, and so on, the rest of the chapter will teach you how to create, name, edit, and manage the items you add to forms. You’ll then learn how to use items in invoices and other forms in the remaining chapters of this book.