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Understanding Items

An item is a description that appears on your purchase and sales forms. An amount is associated with the item, and QuickBooks uses the amount to perform calculations on your forms. Things you buy and sell are items. Discounts you apply and services you perform are also items, as are long-term loans and cash deposits that you make to cover shortages. You’ll find all the items listed in the QuickBooks Lists menu.

Customers, vendors, invoices, purchase orders, and accounts are not items. Items are services or products that you sell or buy, and items are the charges related to those services or products.


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