Which account is impacted when you sell an item in QuickBooks?

When you sell an item in QuickBooks, the correct account impacted is the one selected during the item setup. This is because, in QuickBooks, each item is associated with a particular income account that records the revenue generated from sales of that item.

During the item setup process, you specify which account will be credited when that particular item is sold. For example, if you are selling a product, you might link it to a "Sales of Product Income" account. When the sale is made, QuickBooks will automatically post the income to this designated account, reflecting the increase in revenue from the sale.

This mechanism ensures accurate tracking of income by item, allowing for better reporting and more insightful financial analysis. Understanding this linkage is crucial for managing and interpreting business income accurately in QuickBooks.