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KJUDD's avatar
3 years ago

Inventory Items- COGS

Hi there,

I need to create a new inventory item and I am having trouble. 

When setting up the inventory item I have applied the following accounts
 "I buy this item" - "Barrels Purchased - COGS account"
"I sell this item"- "Barrels Sold " "Income Account"
"I inventory this item" - Inventory "Asset account"

 

I have 8 COGS accounts in my system and cannot just choose one. I need to be able to track all of my costs related to this inventory item, but I cannot figure out how. 

Can you please help me. 

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  • Mike_James's avatar
    Mike_James
    Ultimate Cover User
    3 years ago

    Hi KJUDD , in addition to the purchase of the product, what other costs are you looking to include?