No, sales funds are posted to income, and deposited in the bank account you use
You need to find out if the POS tracks the cost of the inventory items sold, get that number and do a journal entry
debit COGS, credit inventory asset
You should consider getting with a consultant to get […]
Resolution for 'account for inventory issue: 'How to account for inventory sold in grocery store?' available: Yes.
The account for inventory 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 account for inventory issue yourself by looking for a resolution described in the article. If it is a complex account for inventory issue or you are unable to solve the issue, you may contact us by clicking here or by using other account for inventory support options.
For more information about resolving issues related to account for inventory in Quickbooks/QBO or to get support for the issue 'How to account for inventory sold in grocery store?', click the link below: