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Products & Services

Products & Services in Fiskl serve as templates for invoice line items. They store your standard offerings with preset pricing, descriptions, and tax rates, making invoicing faster and more consistent.

Why Use Products & Services​

Instead of manually entering item details on every invoice, create reusable templates that populate invoices with one click. This saves time, reduces errors, and ensures consistency across all your billing.

Key benefits:

  • Speed up invoice creation with preset items
  • Maintain consistent pricing across clients
  • Apply correct tax rates automatically
  • Track which offerings generate the most revenue
  • Create dynamic templates with placeholders for recurring invoices

Key Concepts​

Understanding these terms helps you manage your catalog effectively:

  • Product: A tangible item you sell (e.g., software license, equipment, merchandise)
  • Service: An intangible offering you provide (e.g., consulting hours, maintenance, support)
  • Line Item: A product or service added to a specific invoice with quantity and pricing
  • Template: A product or service with placeholder fields for recurring invoices (e.g., client name, dates)
  • Unit: The measurement for pricing (e.g., each, hour, box, session)
  • Ledger Account: The accounting category for revenue tracking (e.g., Sales of Products, Professional Services)

How It Works​

Products and services act as templates:

  1. Create once: Define your offering with name, price, tax rate, and description
  2. Reuse everywhere: Add to invoices with a single click
  3. Customize per invoice: Adjust quantity, price, or description for specific transactions
  4. Track separately: Original template remains unchanged when you modify invoice line items

Example workflow:

You offer "Website Design" services at $100/hour. Create the service template once. When invoicing clients:

  • Add "Website Design" to an invoice
  • Adjust quantity to actual hours worked (e.g., 15 hours)
  • Total calculates automatically ($1,500)
  • Tax applies based on template settings

The "Website Design" template remains at $100/hour for future invoices.

Products vs Services​

AspectProductsServices
NatureTangible itemsIntangible offerings
ExamplesSoftware licenses, equipment, inventoryConsulting, repairs, training, support
Common Unitseach, box, pallet, unithour, session, day, project
Ledger AccountSales of ProductsSales of Services

Both function identically in Fiskl—the distinction helps with financial reporting and categorization.

What You Can Do​

Create and organize:

  • Build a catalog of your standard offerings
  • Set default prices and tax rates
  • Add detailed descriptions and specifications
  • Upload attachments (product images, spec sheets)
  • Assign to accounting categories

Use in invoicing:

  • Add items to invoices with one click
  • Create inline items while building invoices
  • Use templates with placeholders for recurring billing
  • Adjust quantities and pricing per transaction

Track performance:

  • See which items generate the most revenue
  • Review pricing history
  • Maintain consistency across client invoices

Available Guides​