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sweetrain
Level 1

How can I track Profit & Loss for Service Income?

I am currently using the Pro desktop version of QuickBooks, and I run an academy business that offers 10 to 15 lessons. I want to track the profit and loss for each lesson.

Currently, I use jobs for each lesson, but it is cumbersome to input entries. This is because, to record daily transactions, I need to create 10 to 15 invoices for each lesson. Is there any other way where I can create only one invoice to record all the lessons for daily sales?

 

How do you typically track service items in QuickBooks Desktop?

 

Thank you.

1 Comment 1
CharleneMaeF
QuickBooks Team

How can I track Profit & Loss for Service Income?

Yes, there is a way, sweetrain.

 

We can use the Class tracking feature in QuickBooks Desktop. Doing so will help you create only one invoice to record all the lessons for daily sales. 

 

First, let's turn on the feature:

 

  1. Go to the Lists menu, then select Class List.
    Capture4.PNG
  2. From the Class drop-down menu, select New.
    Capture5.PNG
  3. Enter the lesson as the class name.
  4. Click OK to add it.
    Capture6.PNG

 

Then, make sure the Class column is turned on in the invoice template:

 

  1. From the Lists menu, select Templates.
    Capture7.PNG
  2. Click the invoice template you want to use, then click the Templates drop-down menu. Select Edit Template
    Capture8.PNG
  3. Choose Additional Customization.
    Capture9.PNG
  4. Go to Columns, then place a checkmark beside Class.
  5. Once done, click OK twice.

Capture10.PNG

 

Once done, you can create an invoice and select the classes you want to include in the transaction. For visual reference, I've added a screenshot below.

Capture11.PNG

 

 If you have any other concerns or questions about managing your transactions, please don't hesitate to add a comment below. I'll be glad to help you out.

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