In QuickBooks (QB), items are the goods or services bought and sold in the course of doing business. QB uses items to link sales and purchases to accounts in the chart of accounts. Any line item on a sales or purchase form must be set up on the item list. To get the most from QB, it is crucial that you understand items.
Classifying customers, jobs, and vendors by type can add more dimension to the information you obtain from QuickBooks (QB).
The Classes feature in QuickBooks (QB) allows you to track income and expenses for separate segments of your business. These segments might be departments, business locations, profit centers, funds, phases of completion, or something else.
QuickBooks (QB) provides multiple sets of preset Charts of Accounts. Each set is designed for a specific industry. In this article, we'll review how to use and customize these when you're setting up your company data file for the first time.
As outlined in last week's article, to keep your QuickBooks data file safe from hackers it's important to have the latest maintenance releases installed. There is more than one way to do this.
