How to Set Up Products and Services in QuickBooks Online | QBO Basics Ep. 7

🎯 Products & Services in QuickBooks Online are a very powerful and misunderstood feature. In this video, I break it all down in a simple, beginner-friendly way so you can set things up correctly from the start and avoid messy books later. We’ll cover what Products & Services actually do, how they connect to your GL (Chart of Accounts), and how to use them properly when creating invoices and recording expenses. In this video, you’ll learn: ✅What Products & Services are (and what they are NOT) ✅The difference between Products & Services vs. GL categories ✅Service vs. Non-Inventory vs. Inventory vs. Bundles ✅How to properly set up Products & Services ✅What the “I sell this product/service” and “I purchase this…” boxes mean ✅When to use (and avoid) inventory in QuickBooks ✅Whether you actually need Products & Services to send invoices 💡 Who this video is for: *Small business owners *Beginners using QuickBooks Online *Anyone cleaning up or setting up their books 📺 Watch the Full Series: This video is part of the QuickBooks Online Basics for Beginners series. Be sure to subscribe so you don’t miss future episodes covering bank rules, reports, and best practices. _________________________________________________________________ ⏱ Timestamps 00:00 – Welcome & Episode Overview 01:11 – What Products & Services Are and What They Are Not 03:03 – Navigating The Products and Services Page 05:13 – Setting Up New Service Item 08:20 – Setting Up New Non-Inventory Item 09:34 – Setting Up New Inventory Item & When To Use Inventory Items 12:12 – Setting Up New Bundle Item & When To Use Bundles 14:06 – How Products & Services Are Used On Invoices & How They Affect Reports 16:03 – Turning On Products & Services In Your QBO File 17:03 – COA vs. Products & Services On Customer and Vendor Forms 19:29 – Recap and Outro _________________________________________________________________ ▶️ What’s next? In the next video, I’ll cover how to create and send customer invoices in QuickBooks Online. What they are, when beginners should use them, and when you should skip them entirely. _________________________________________________________________ 🔔 Don’t forget to like, subscribe, and comment below with your biggest QuickBooks question — it may be featured in a future episode! 📩 Need 1-on-1 help? Contact me here: ➡️ chelsea@evolve-officesolutions.com _________________________________________________________________ 🤩 Special Offer for You! I'm an official business affiliate of QuickBooks Online, and I'm excited to share an exclusive deal: 👉 Get 30% off your new QuickBooks Online subscription when you sign up using my link: https://quickbooks.partnerlinks.io/yf... _________________________________________________________________ #QuickBooksOnline #QBO #OrganizedBooks #Organized #BookkeepingTips #SmallBusinessAccounting #QuickBooksOnlineTraining Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).