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Level 1

I have renters and buyers. I want to send invoices to them. How do I set up the company, inventory, non inventory or service? Please advise

 
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Moderator

I have renters and buyers. I want to send invoices to them. How do I set up the company, inventory, non inventory or service? Please advise

Let me guide you on this, hoiz32.

 

In QuickBooks Online, you can add products and services you offered in your business. You can also add inventory items. It lets you invoice your customers with the corresponding service they need.

 

Here's how:

  1. Click Sales on the left pane and select the Products and services tab.
  2. Select New.
  3. Select Non-inventory or Service.
  4. Add a name. If you track SKUs, enter a SKU for the product.
  5. From the Category dropdown, select the category that best describes your product or service.
  6. Select the I sell this product/service to my customers checkbox.
  7. In the Sales information section, enter a description. This is what your customers will see on their sales form.
  8. Enter an amount in the Sales price/rate field.
  9. Select the Income account dropdown and the account you want to use to track the sale.
  10. If you need to track sales tax, select Taxable - standard rate from the Sales tax category dropdown. If the item has a special tax rate, select Choose a special category and find the best option.
  11. Click Save and Close.

If you need to add an inventory item, you'll want to turn on inventory tracking first.

 

Check these articles for more information: 

Let me know if you need anything else.

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Level 14

I have renters and buyers. I want to send invoices to them. How do I set up the company, inventory, non inventory or service? Please advise

@hoiz32 

As additional option, consider having a rental management app to integrate with your QBO.

https:// adelielogistics.com/pricing/?pa=qbooks-fl

 

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