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jimmy-unifiedtv-
Level 1

Can I add a cost to a product I am selling with quickbooks essential?

I have products I am selling and have created products and imported invoices from PayPal. How do I add a cost to these products so I can see profit?
3 Comments 3
MaryLandT
Moderator

Can I add a cost to a product I am selling with quickbooks essential?

I'm here to help you add a cost to the product that you're selling, jimmy-unifiedtv.

 

The QuickBooks Online Essentials version won't let you add a cost to an item. You can upgrade your subscription so you can use this function for your items. 

 

Here's how to upgrade:

 

  1. Sign in to QuickBooks Online as a primary or company admin.
  2. Go Settings ⚙, then Account and settings.
  3. Select the Billing & Subscription tab.
  4. Make sure your payment info is up-to-date.
  5. In the QuickBooks Online section, select Upgrade your plan.
  6. Review the available plans and then select Choose plan.
  7. Follow the on-screen steps to upgrade your plan.

Once done, I'd recommend logging out, then log back in to make sure the update is implemented. Then, go back to the Accounts and Settings page to turn on the Show Items table on expenditure and purchase forms feature in the Expenditures section.

 

Now you're ready to add the cost of your products in the Products and Services page.

59 QBO Cost.PNG

 

In addition, you can pull up the Product/Service List report to view the complete inventory of your products and services in QuickBooks. It also displays their description, price, cost, and quantity on hand.

 

Moreover, you can use these articles for future references:

Stay in touch with me if you need additional information about this by commenting below. I'll be around to help manage your products and services in QuickBooks.

jimmy-unifiedtv-
Level 1

Can I add a cost to a product I am selling with quickbooks essential?

My issue is that I bought a year subscription from Dell. I cannot upgrade like you have shown. Do I need to go to them? I just bought this a day ago on 7/2/21.

jamespaul
Moderator

Can I add a cost to a product I am selling with quickbooks essential?

Hello, Jimmy. 

 

Thanks for getting back to us. I'll give some more details about your Dell subscription, and how you can use the Product tracking feature. 

 

Yes, that's correct. Since Dell is in charge of the billing, they are also responsible for the upgrade process. So you'll want to contact them to upgrade your current subscription so you can use the Product tracking feature in Plus. 

 

Though if you want to subscribe with us instead, you can cancel the subscription from Dell (contact them to help you with this). Then, sign up for the annual option for Plus through our support agents. Here's how you can contact them:

 

  1. Click the Help menu.
  2. Select the Talk to a human option (you can also type it in the chat box).
  3. When prompted, enter "sign up for an annual subscription." 
  4. Type or select I still need a human.
  5. Click the Get help from a human link, then choose how you want to reach us. 

 

If the Help menu is unavailable, you can use this direct chat link to connect with our agents: QuickBooks Online direct chat link

 

After upgrading, you can follow the steps provided by my colleague in tracking your products. If you need help navigating around the program, feel free to visit our tutorials here: Video tutorials for QuickBooks Online.

 

Do you have any other questions about your products? Please let me know and I'll share some guides and details with you. Feel free to add any other concerns you might have as well. 

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