About items

Items marked with an asterisk (*) are available in Microsoft Office Accounting Professional 2008 only.

An item is a product or service that a company purchases or sells. You can create the following types of items:

  • Service item  Work that is performed, such as consulting or design.

  • *Inventory item  A product that is purchased for sale and is tracked in inventory and on the balance sheet.

  • Non-inventory item  A product that is purchased or sold but whose quantity is not tracked.

  • *Kit  A collection of service, inventory, or non-inventory items for sale.

Frequent tasks

To learn about common item-related tasks, click the following links.

Topic link

Description

Create an item

Learn how to create an item.

Edit an item

Edit an item on the Item form.

Delete or inactivate an item

Learn how to delete or inactivate an item.

Find items in a list

View all items.

Change item prices

Update item prices when they change.

Working with items

Inventory items appear on both customer forms (for example, quotes, sales orders, invoices, and payments) and vendor forms (for example, purchase orders, item receipts, and bills). Non-inventory and service items appear on customer forms if you select the I sell this item check box on the Item form. Non-inventory and service items appear on vendor forms if you select the I buy this item check box on the Item form. Kits appear only on customer forms.

In the Preferences dialog box, on the Vendors tab, you can select the Update cost automatically check box. Then, when you change an item's Unit Price on a vendor bill, the Purchase price is updated on the Item form as well.

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