QB Issue Resolution:
Do NOT try to track perpetual inventory or cost per item unless you get an inventory program for food / recipes.
Instead, use a periodic inventory (where you do a physical inventory periodically — usually at year end). When you purchase mixes and supplies, post them to cost of goods sold.
Talk with your accountant or tax professional for their advice and help.
Resolution for Issue 'How do I enter Cost of Goods sold and have it apply to certain items that I create?I make food mixes.When I buy flour, sugar, etc.How can I have that reflect in the actual item?I’m hoping to track the cost of each type of mix.Especially when some ingredients fluctuate in pricing.' available: Yes (Solved).
Source: Intuit Community forum.
How do I enter Cost of Goods sold and have it apply to certain items that I create?I make food mixes.When I buy flour, sugar, etc.How can I have that reflect in the actual item?I’m hoping to track the cost of each type of mix.Especially when some ingredients fluctuate in pricing.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Cost of Goods Sold
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Error Recovery for Cost of Goods Sold [Canada]
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