We can create a general item for each detailed product, mtruffa1.
We'll not enter an item per SKU but we can enter them as a general item. For example, if you sell and purchase different kinds of t-shirt with the size and color, we can set it up in QBO as a t-shirt alone. Then, map the item to the correct expense (COGS) and income account.
Let me show you how:
- Go to the Sales menu and select Product and Services.
- At the upper-right, click New.
- Select Inventory.
- Enter a general item Name.
- Select the correct Income account and Expense account.
- Enter the rest of the item details.
- Click Save and close.
You can now enter sales and expense transactions after. They'll directly flow to the accounts of these items. Here are few article that will give more information about inventory in QuickBooks:
Set up and track your inventory
Impacts of inventory tracking on balance sheet and profit & loss reports
Let me know if you need anything else. I'll be here to help!
