Hi there, info885,
You'll be glad to know that QuickBooks allows you to set up everything you buy and sell.
For your inventory to be hired as opposed to being sold, you can enter it as a service item. This item is a service you provide to customers.
Add a new product or service item:
- Go to the Sales menu, select the Products and services tab.
- Click New, then select Service.
- Add a name. If you track SKUs, enter a SKU for the product.
- From the Category ▼ drop-down, select the category that best describes your product or service.
- Mark the I sell this product/service to my customers checkbox. If you don't sell the item, you can leave it unchecked.
- In the Sales information section, enter a description.
- Enter an amount in the Sales price/rate field.
- Choose the Income account from the ▼ drop-down list and the account you want to use to track the sale.
- Select a category from the Sales tax category drop-down list if the service is taxable or not, then click Save and Close.
Feel free to read through this article: Add product and service items for more details about the information provided above. It will tell you to add service info or track the product you sell.
In case you need to modify the item, check out the Change product and service item types for instructions and detailed steps.
Should you need additional information, just mention my name and I'll get back to you.
