Is this a product or a service?
Purchasing a product from a Vendor and then charging the Customer for that product:
If this is the case, you would set up an Account “Cost of Goods Sold”.
You can transfer the Vendor’s cost directly onto the customers invoice. To do this you would enter […]
Resolution for 'Add Time and Cost issue: 'using wrong account for income/expense on item?' available: Yes.
The Add Time and Cost 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 Add Time and Cost issue yourself by looking for a resolution described in the article. If it is a complex Add Time and Cost issue or you are unable to solve the issue, you may contact us by clicking here or by using other Add Time and Cost support options.
For more information about resolving issues related to Add Time and Cost in Quickbooks/QBO or to get support for the issue 'using wrong account for income/expense on item?', click the link below: