I'm having trouble figuring out the best way to set up our item types, as we sell digital products (ebooks, publications, etc). My basic question is how to treat digital products in quickbooks online in general.
Should I be setting our products up as inventory items? Even though we don't have any inventory counts (and don't want to track quantity of course since it's digital / unlimited)
And what would be the best way to track our subscription offering? Would that be considered a service instead?
Thank you for any help and advice here!
Solved! Go to Solution.
Hi there, ADP1981.
Thank you for dropping by, I'm happy to show you how to add service fees. You can follow along below:
Step 1: Create a service fee item:
In QuickBooks, create the fee as a service item. This lets you quickly add a standard fee with a clear, detailed description to invoices.
Tip: If you don't charge a standard fee, don't worry. You can always change the fee amount on the invoice.
Step 2: Add the fee to an invoice:
Follow the steps based on whether you've alraedy sent the invoice you need to add the fee to.
If you haven't sent the invoice yet
You can add the fee as a line item to the existing invoice.
If you already sent the invoice
Create a new invoice for the fee and send it to your customer.
If that doesn't quite work for what you're looking for, I would definitely recommend reaching out to an accountant for further advice on the topic. If you have any other questions, feel free to post below at anytime. Thank you and have a nice afternoon.