Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
I run a solo beauty business where I provide hands on services, as well as retail of beauty products. I am having a difficult time determining the difference between these two options when recording my expenses. For examples I buy wax to remove hair, but I also purchase nail polish to do nails - whats the difference?! Thanks so much.
Welcome to the Community. REKT222.
I'll share what I know about products and services you track in QuickBooks Online.
QuickBooks allows you to create an Inventory item to keep track of the quantities of products you buy and sell. You can also add a Non-inventory item to track products that you purchase but don't sell directly to customers. For instance, the wax and nail polish you used to provide hands-on services.
If you need to add a Non-inventory item, you can follow these steps below:
You can check out this article for more details: Add product and service items to QuickBooks Online.
I also recommend reaching out to an accountant if you need guidance in choosing the right category and account for the product and service items. You can also visit this link to learn more: Group your products and services into different categories.
Feel free to return to this thread if you need further assistance or have questions about managing inventory. I'll be here help. Take care.
Thanks for your response I appreciate it alot. I dont currently put things into inventory but am mostly concerned about entering my expenses in properly. Would wax, wax sticks etc fall under supplies or job materials in your opinion?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here