Which field is optional when setting up a service? 1 point Name SKU Sales price/rate Income account What should you choose when setting up a service to track revenue? 1 point Expense account Income account Tax rate Purchase information What does entering a description for a service do? 1 point Adds details to sales forms Calculates tax rates Sets up purchase orders Updates inventory levels How do you set up a non-inventory item in QuickBooks? 1 point Click Reports, then Non-inventory Items Click Gear icon, then Products and Services, then New, then Non-inventory Click Sales, then New, then Non-inventory Click Banking, then New, then Non-inventory What does categorizing products and services help you understand? 1 point Payroll details Tax liabilities Sales volume and buying patterns Inventory levels