Quickbooks Learn & Support Online | QBO.Support

COGS account: Payroll items and Cost of Goods Sold

After some thorough research and testing, I found that you’ll need to create a payroll item, with the correct Cost of Goods Sold (COGS) account to do this. Since you’re unable to assign a COGS account to your items or use an Inventory item when entering timesheets. For additional insight about this, I’m also […]

Resolution for 'COGS account issue: 'Payroll items and Cost of Goods Sold' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'Payroll items and Cost of Goods Sold', click the link below:

Details

COGS account: Running Reports

Start with your P&L and double click the COGS account to get a detail report.

Resolution for 'COGS account issue: 'Running Reports' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'Running Reports', click the link below:

Details

COGS account: When I reconcile my checking account, I’m seeing invoices in the “checks and payments” of the reconcile screen. This has started recently.

Invoices as the transaction Type, showing in banking, are from these errors:

“I am seeing invoices on the checks and payments sides of the screen”

1. Setting up Charge items that typically are linked to Income, but you linked it to Bank (a Setup error).

“They’re also appearing as deposits on the other […]

Resolution for 'COGS account issue: 'When I reconcile my checking account, I’m seeing invoices in the “checks and payments” of the reconcile screen. This has started recently.' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'When I reconcile my checking account, I’m seeing invoices in the “checks and payments” of the reconcile screen. This has started recently.', click the link below:

Details

COGS account: Total COGS on P&L is higher than total COGS on Sales by Item Summary report. What is the difference due to?

run a report on the COGS account, check each bill that shows in the listing, bills that post to COGS directly might causing the issue

You will see a bill with a small amount that might make no sense, if you sold inventory you did not have on hand, and later […]

Resolution for 'COGS account issue: 'Total COGS on P&L is higher than total COGS on Sales by Item Summary report. What is the difference due to?' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'Total COGS on P&L is higher than total COGS on Sales by Item Summary report. What is the difference due to?', click the link below:

Details

COGS account: I’m trying to get the COGS to convert from the cost being in euros to USD. I entered the bill and have the exchange rate, but the COGS account is still only in euros.

QB values inventory in the home currency, no options as far as I know. What is your home currency set to in QBO?

Resolution for 'COGS account issue: 'I’m trying to get the COGS to convert from the cost being in euros to USD. I entered the bill and have the exchange rate, but the COGS account is still only in euros.' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'I’m trying to get the COGS to convert from the cost being in euros to USD. I entered the bill and have the exchange rate, but the COGS account is still only in euros.', click the link below:

Details

COGS account: How to have Landed Cost of inventory in Quickbooks Online? We have two expenses, one for the purchase of our inventory and the other for the freight for that inventory.

Landed cost requires a work around in QB

Create an expense account named clearing, and then the additional bills come in:

1. Pay the shipping/customs bill or enter the bill and use that clearing expense account as the expense for the transaction

2. Edit the original bill as follows:
2a. increase the total amount […]

Resolution for 'COGS account issue: 'How to have Landed Cost of inventory in Quickbooks Online? We have two expenses, one for the purchase of our inventory and the other for the freight for that inventory.' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'How to have Landed Cost of inventory in Quickbooks Online? We have two expenses, one for the purchase of our inventory and the other for the freight for that inventory.', click the link below:

Details

COGS account: How do I record free samples?

clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'How do I record free samples?', click the link below:

Details

COGS account: What is my next step after entering a vendor refund in make deposits?

inbound shipping should be part of item cost

but since you are entering it separately, you can not link the deposit to the vendor, not is there a reason to. From what you say you posted inbound shipping to the cogs account, increasing the expense, the deposit using the same cogs […]

Resolution for 'COGS account issue: 'What is my next step after entering a vendor refund in make deposits?' available: Yes.

The COGS account 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 COGS account issue yourself by looking for a resolution described in the article. If it is a complex COGS account issue or you are unable to solve the issue, you may contact us by clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'What is my next step after entering a vendor refund in make deposits?', click the link below:

Details

COGS account: Why are my billable expenses still showing up in COGS as a credit?

clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'Why are my billable expenses still showing up in COGS as a credit?', click the link below:

Details

COGS account: Goods purchase for resale should up in P&L statement COGS twice.

clicking here or by using other COGS account support options.

For more information about resolving issues related to COGS account in Quickbooks/QBO or to get support for the issue 'Goods purchase for resale should up in P&L statement COGS twice.', click the link below:

Details

12 Next