Items and Services
Checklist Item 3.4: items/services support income account, rate, taxable flag, and active status.
| Key | Item | Type | Description | Income Account | Expense Account | Rate | Taxable | Active |
|---|---|---|---|---|---|---|---|---|
| PROD-SAMPLE | Sample Product | product | Sample resale/product item | Product Sales | Cost of Goods Sold | 49.95 | yes | yes |
| REIMB | Reimbursement | other | Non-taxable reimbursement | Service Income | 0.00 | no | yes | |
| SERV-FLAT | Flat Rate Service | service | Flat rate service item | Service Income | 350.00 | yes | yes | |
| SERV-HOURLY | Professional Service Hourly | service | Hourly professional service work | Service Income | 125.00 | yes | yes |