Add a purchase or sale account if items are missing in QuickBooks Online

QuickBooks needs to know which category is linked to each product or service you buy and sell. This helps it record your accounting transactions correctly.

For example, you might use "Contract expenses" for your purchase account and "Billable labor" for your sale account. When you set up or edit a product or service, you specify the purchase and sale accounts.

• If a purchase account is missing, the product or service won’t appear in the Product/service dropdown for expenses. 
• If a sale account is missing, the product or service won’t appear in the Product/service dropdown for sales receipts.

Here’s how to add a purchase or sales account:

Follow this link to complete the steps in product .

1. Find the product or service you need, then select Edit.
2. In the Sales and Purchasing section, set up the purchase or sale accounts.
   Note: These are necessary to accurately track your itemized sales and purchases.

Related links

• Categorize online bank transactions in QuickBooks Online