I’m here to ensure you’ll be able to record the goods you sell, westandpinedesign.

As mentioned by @Rea_M, the online program has its default accounts. They’re automatically created based on the company setup.

In QBO, you’ll see each detail type when you create an account. For example, you choose Expense as the Account Type.

When you click the Detail Type drop-down, you’ll see the list of categories that you can use to provide more information about the account. You can run through each one to see the description of the category.

After setting up your accounts, add the power drill, saw, and other goods. Let’s go to the Product and Service page to enter them.

1. Click the Sales menu on the left panel to select Product and Services.
2. Tap the New menu to open the Product/Service information window.
3. From there, choose how you wish to track the items: Inventory, Non-inventory, Service, or Bundle.
4. If it’s an inventory item, make sure to fill in the fields with the correct information.
5. Click Save and close or Save and new.

Check out this article for more information: Learn about detail types in chart of accounts.

Then, create an invoice or sales receipt to keep track of the items you sell. QuickBooks then decreases what’s on hand by the amount on the transaction.

For more insights about the process, see the following article. It includes information on how the Inventory feature works and a video for visual reference: Set up and track your inventory in QuickBooks Online.

To get acclimated to QBO processes and features, click here to access our self-help articles and online tutorials. From there, you’ll find resources that help your business thrive.

Click the Reply button if you have other questions or concerns. I’ll be glad to answer them for you. Wishing your business continued success.