How To Set Up Products And Services In Quickbooks

The Products and Services listing in Quickbooks Online is a list of everything you might sell to a client. It's comparable to the Detail Listing in Quickbooks Desktop. This a very useful list and I'll be show you some tips and tricks for using it and the reports related to it.

Invoice

Let'due south start with what it looks like on an invoice.

On the left paw menu click the "+ New" button and then select Invoice in the Customers column.

Creating a new invoice

To detect the customer for whom yous desire to create an invoice type their name in the Customer field.

You'll see the Production and Services list further down the screen.

Clicking on the drop downward will show you a listing of the things you lot might sell to a customer. In this example I'll choose concrete.

I then enter a quantity of one and I'thou going to sell information technology for $100.

At present I'll Save and Close this Invoice by click the green button in the lower right hand corner.

Saving Invoice

I've at present created an invoice for a unit of concrete.

Products and Service Written report

To get to this study click on the gear icon in the upper right corner. Select "Products and Services" in the Lists column.

Y'all'll now see a listing of your Products and Services.

There's my concrete.

If I click on Edit on the right I can run into where this will appear in the Profit and Loss Report.

My concrete case is in a sub-account Landscaping Services -> Job Materials -> Fountains and Garden Lighting.

Let'south have a look at this on the actual Profit and Loss report.

Profit and Loss Report

In the left side menu click Reports.

So select Profit and Loss.

I update the date to today's date and click "Run report."

You can see the $100 from the concrete invoice I just created.

Permit's go back to the Products and Services list and I'll show you some tips and tricks for using it.

Products and Services List Tips

When I see physical on the list I know it goes to the sub-account Fountains and Garden Lighting sub-account because I checked that earlier.

But, what if I wanted to check the account for more 1 item in the listing. I don't want to have to click Edit on each one.

Permit's customize the listing by adding an Income business relationship column. To practice this I click on the settings gear icon for this report.

I'll now select "Income business relationship" from the list and click the gear.

The report now has an Income account column. If you utilize a lot of sub-accounts, similar me, you might desire to expand this column so yous can fully read it.

Let's become back to the concrete example and see how much I've sold.

To do this I click the driblet down next to Edit on the concrete line and click "Run Report."

This reports shows me that in the concluding 90 Days I've sold $225 worth of concrete to three customers.

We tin can also compare products/services and meet which ones are our best sellers. To practise list click Reports in the right menu. Search for "Product" and find the "Sales by Product/Service Summary Study."

In this example you tin see Stone Fountain is my most purchased product with 23% of sales.

This is a great report if you want to compare your products and meet what's selling best. It shows y'all the Quantity sold, total Dollar amount made, % of sales and the Average Toll.

I hope you plant this useful. If y'all'd like you can watch me walk through these reports in the video beneath: