QuickBooks 2010 Solutions Guide for Business Owners and Accountants

Chapter 3. Reviewing the Items List

• Understanding the Differences Among the Chart of Accounts, Items, Classes, and Customer Types

• Using Item Types

• Finding Item Errors in QuickBooks

• Fixing Item Errors in QuickBooks

• Creating Items as Subitems

Differences Between the Chart of Accounts, Items, Classes, and Customer Types

QuickBooks offers several methods for separating business results into meaningful segments. You have the chart of accounts list for organizing your transactions, the Items list for tracking the profitability of individual services and products you sell, classes for tracking different corporate profit centers, and the ability to view your profitability by user-defined customer types.

The QuickBooks accounting structure ...