QuickBooks uses Items extensively. Items are used on just about every form in QuickBooks, from Estimates, Invoices, Purchase Orders, bills and checks, and coupled with your Chart of Accounts form the very backbone of your job costing.
In Quickbooks Pro. Premier, and Enterprise you can set up items so that a single item can track both Income and Expenses. This means that you can use the item on Purchase Orders, Bills, or Checks to cost information to an Expense or Cost of Goods Sold Account; and then use the same item on Estimates and Invoices to send revenue to an Income Account.
Request your copy of this article today, by clicking the button below.