For debit card transactions, it would be selecting a Checking Account. Select the account under which the purchase took place. Those things are your Items, they live in the QuickBooks Items List and they help you to complete these types of forms. Anything that your company buys, sells or resells in the course of your business.Īn Item could be products, goods, services that you purchase from others, such as an Estimate, an Invoice, a Sales Order, or even a Purchase Order. ![]() When you enter the costs associated with these things you enter them under the Expenses tab. These things do not generate any income for your business, but they do keep your business running. An Expense is a rent, phone bills, website hosting fees, office supplies, accountant fees, trash service, janitorial fees, etc. Anything that your company spends money on that keeps it up and running. ![]() Because you have a choice to use an Items or Expenses tab when entering transactions in QuickBooks, many people often use the Expenses tab - but it may not always be the correct choice.Īn Expense is. These items are closely related, but items may be more appropriate for some types of businesses.
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