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Mastering QuickBooks 2021

You're reading from   Mastering QuickBooks 2021 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Jan 2021
Publisher Packt
ISBN-13 9781800204041
Length 414 pages
Edition 2nd Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (26) Chapters Close

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online FREE CHAPTER 3. QuickBooks Online Advanced 4. Company File Setup 5. Migrating to QuickBooks Online 6. Customizing QuickBooks for Your Business 7. Managing Customers, Vendors, Products, and Services 8. Section 2: Recording Transactions in QuickBooks Online
9. Managing Sales Tax 10. Recording Sales Transactions in QuickBooks Online 11. Recording Expenses in QuickBooks Online 12. Reconciling Downloaded Bank and Credit Card Transactions 13. Section 3: Generating Reports in QuickBooks Online
14. Report Center Overview 15. Business Overview Reports 16. Customer Sales Reports in QuickBooks Online 17. Vendor and Expenses Reports 18. Section 4: Managing Employees and Contractors
19. Managing Payroll in QuickBooks Online 20. Managing 1099 Contractors in QuickBooks Online 21. Section 5: Closing the Books and Handling Special Transactions
22. Closing the Books in QuickBooks Online 23. Handling Special Transactions in QuickBooks Online 24. Shortcuts and Test Drive 25. Other Books You May Enjoy

Making changes to existing products and services in QuickBooks Online

You can change any fields in existing products and services except the item type. If you have already used an item in a transaction, QuickBooks will not allow you to change the item type. Instead, you will need to inactivate the old item and add a brand-new item with the correct item type.

Follow these steps to make changes to existing products and services in QBO:

  1. Navigate to the Products and Services list by clicking on the gear icon and selecting Products and Services, as shown in the following screenshot:

  1. Select the product or service you would like to make changes to by clicking on the name and making the necessary changes, as shown in the following screenshot:

As we mentioned previously, you can change an item type if you haven't used it in a transaction in QuickBooks. However, if you have used an item in a transaction and the item type is incorrect, you will need to create a new item with the correct...

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