Frequently Asked Questions

I don't sell products, I only sell services. How can I use bookkeeping to record this?
Last Updated 3 years ago

The Bookkeeping program uses "Inventory" in a broad sense to mean any products or services that you buy or sell. You can create inventory items for the services that you provide. Simply mark them as an inventory item that is sold but not one that is bought (since it is common to not purchase the services that you provide).

By using the inventory facility to manage the services that you sell you can set the prices for each of the services, the revenue account that you record income for the service into, the description of the service, etc. Then when entering a sale you can select the inventory items for the relevant service(s) and most of the details will be populated for you making the task of entering a sale quick and easy.

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