Adding a new service item to your company is a breeze, @Eve2019. I would be more than happy to walk you through the necessary steps.
The account for your new service item [Folding & Bagging] will vary based on your company setup. It's a good idea to consult with your accountant to make sure you're using the right account type for this item.
Furthermore, the process of adding a new service item and account is distinct. Initially, you need to create an account and then subsequently assign it to the item.
When you're all set, here's the step-by-step guide to adding a new account to your Chart of Accounts:
- Select the Lists menu and click Chart of Accounts.
- In the Account drop-down choose the correct account type (this needs your accountant's guidance) and select Continue.
- Enter the name in the Account Name field and add the other details.
- Once done, click Save & Close.
To complete the task, create a service item and link it to the account you made earlier. Here's a simple guide on how to do it:
- Click the Lists menu and select Item List.
- In the Item drop-down, choose New.
- Select Service under Type, and enter the needed details such as name (example: Folding & Bagging), rate, class, etc.
- Next, select the account you created earlier in the Account drop-down.
- When done, click OK.
For reference, check these articles:
After that, create an invoice and add the service item.
When it's time to record your customer's payments, refer to this guide for the detailed process: Record invoice payments in QuickBooks Online.
I'm here to help with any other questions you have about adding accounts and items to your file. Feel free to leave a reply below. Take care.