4010 Services
Revenue from professional or consulting work. The default revenue account for service line items.
In Solo Superstars
Service line items on invoices post here. Many service businesses rename it to what they actually sell.
Example
A $1,200 consulting invoice sent: debit 1100 1,200, credit 4010 1,200.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- service income
- fees
Related
- Revenue — What you earn from customers before any costs: product sales, services, shipping charged. The top line of the Income statement.
- Invoice — Your request for payment. Sending one books revenue and a receivable; the customer pays through the hosted link.
- 4000 Sales of Product Income — Revenue from selling physical goods. The default revenue account for shop orders and product lines on invoices.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.