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9130 3525 7517 6336
Level 2

If I want to change the price of a service without affecting past sales, should I create a new service item with the new price or can I just change the sales price?

If I want to change the price of an item without affecting past sales, should I create a new  item with the new  price or can I just change the sales price?

Solved
Best answer August 15, 2022

Best Answers
RoseJillB
QuickBooks Team

If I want to change the price of a service without affecting past sales, should I create a new service item with the new price or can I just change the sales price?

I’m delighted to have you here in the Community.

 

I can help you with your concern about updating sales prices/rates in QuickBooks Online (QBO).

 

You can update the rates of your products and services without creating new ones. That said, your past sales transactions will not be affected by this. Nonetheless, QuickBooks will use the new or updated rates for your future transactions.

 

Follow the steps below, to do so:

 

  1. Go to the Sales menu and Products and Services.
  2. Find the product or service item and click Edit under the Action column.
  3. Update the Sales price/rate, then tap Save and close.

 

Moreover, you'll want to check these articles. These will give you more info on how to manage your products and service items in QuickBooks Online:

 

 

That’s it! You can now create transactions with your updated item rates. Should you need further assistance with products and services, please don’t hesitate to post them. Have a good one!

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3 Comments 3
RoseJillB
QuickBooks Team

If I want to change the price of a service without affecting past sales, should I create a new service item with the new price or can I just change the sales price?

I’m delighted to have you here in the Community.

 

I can help you with your concern about updating sales prices/rates in QuickBooks Online (QBO).

 

You can update the rates of your products and services without creating new ones. That said, your past sales transactions will not be affected by this. Nonetheless, QuickBooks will use the new or updated rates for your future transactions.

 

Follow the steps below, to do so:

 

  1. Go to the Sales menu and Products and Services.
  2. Find the product or service item and click Edit under the Action column.
  3. Update the Sales price/rate, then tap Save and close.

 

Moreover, you'll want to check these articles. These will give you more info on how to manage your products and service items in QuickBooks Online:

 

 

That’s it! You can now create transactions with your updated item rates. Should you need further assistance with products and services, please don’t hesitate to post them. Have a good one!

9130 3525 7517 6336
Level 2

If I want to change the price of a service without affecting past sales, should I create a new service item with the new price or can I just change the sales price?

Thank you kindly

ChristineJoieR
QuickBooks Team

If I want to change the price of a service without affecting past sales, should I create a new service item with the new price or can I just change the sales price?

It's nice to see you, @pam1308.

 

I'm happy to see you were able to find the precise solution that you require. Thanks to @RoseJillB for providing a piece of good information with updating sales prices/rates in QuickBooks Online.

 

You are welcome if you more assistance with any concerns you may have in QuickBooks. We are always ready to back you up. Have a nice day!