Product & Service Item Clean Up, Reconciliation, and Updates

Below is a description of the key services A Bigger Bottom Line can offer related to Product & Service Item Clean Up, Reconciliation, and Updates.

1. Product & Service Item Clean Up

This service focuses on organizing and optimizing the product and service items listed in QuickBooks Online. Key activities include:

• Identifying Duplicates: Finding and merging duplicate items to streamline inventory and service offerings.

• Standardizing Item Names: Ensuring consistency in naming conventions for easier identification and reporting.

• Removing Obsolete Items: Deleting or archiving items that are no longer in use to maintain a clean item list.

• Updating Item Details: Revising descriptions, prices, and categories for accuracy and clarity.

• Updating Product & Service Types: There are 4 types of Products and Services in QuickBooks. Inventory Item, Non-Inventory Item, Service Item, and Buddle. We can help clean up and update your list to ensure each of your Products is under the correct type. This is a critical 1st step you must do in order to proceed with any other advance accounting such as inventory tracking or getting your time tracking and billable pricing right.

  
  

2. Reconciliation of Product & Services List to other systems

Reconciliation services, in relation to your products and services list, helps to ensure that the financial records in QuickBooks match to your other systems that use the same Products and Services list. Key components include:

• Reconciliation of Items in other systems: Comparing your products and services list in QuickBooks with your other sales and ecommerce systems to identify discrepancies.

• Reporting: Generating reconciliation reports to provide insights into where items have discrepancies in the different systems so that updates can be made for better streamlined reporting.