When Should You Use Accounts and When Should You Use Items in QuickBooks?
As we know very well, a business has various aspects which require lot of attention. To manage all the business finance there is software called QuickBooks. It has been used by people all over the world. The application is specially designed for small scale business.Though QuickBooks is easy to use but there could be many reasons and various features which may confuse users. All those complicated features there is one about which people always comment, when they should use accounts and when they should use items in QuickBooks. This is basically used while tracking the transaction, when we have been entering our financial action. This blog may help you in finding out the difference which one you should use and when?
1. Accounts- It is certainly important to create account and should be used, but only when you want that account should seem plain on the financial statements, like: • Balance sheet • Income statement 2. Items This should be used when you are required to track more detailed account.
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