QB Job Costing

In QuickBooks, items are used to simplify the accounting of revenue, expenses, assets, and liabilities. Items are put on Purchase Orders or bills when they are bought, and on customer invoices when they are sold. Inventory items are assets after we buy them and while we hold them for sale, and become cost of goods when they are sold. Other items are conveniences that code the revenue and costs to the proper account. When you enter the item on invoices, bills, or checks, the cost (or revenue) is automatically transferred to the proper account.