Category details and item details are two different aspects of billing in QuickBooks Online (QBO), John. Let me share further details on the difference between the two.
Category details play a significant role in tracking the expenses of your business. You assign each transaction to a specific category or account corresponding to the accounts listed in your chart of accounts. These accounts include rent, utilities, supplies, and more.
On the other hand, item details are used to keep track of the products and services you purchased from a vendor. Every item has a specific price, description, and other related information that helps manage inventory and associated accounts.
When creating a bill, you can choose category details, item details, or both. You can directly record the bill into a specific account if it's category details. However, if you choose item details, you can input the inventory item that is linked to an account.
In addition, you can monitor your expenses by running, customizing, and memorizing reports in QBO.
Kindly keep in touch with me by leaving a comment below if you have further inquiries about bills or other transactions in QuickBooks. I'm always here to assist you in effectively managing your business's finances. Have a good one.
