cost of goods sold
QuickBooks Tip – Understanding QuickBooks Inventory Cost
If you are using QuickBooks to manage your inventory, you need to understand how QuickBooks deals with the cost of inventory items. Guest blogger, Charlie Russell explains how QuickBooks handles these costs. Continue reading
QuickBooks Question – Inventory for Contractors
A reader asked the following question:
We are a small contractor in San Diego and we are wondering how we get around having to always do an inventory adjustment to get our purchases to the correct COGS account? We… Continue reading
QuickBooks Tip – Determing Cost of Goods Sold
I tell my clients that Cost of Goods Sold (COGS) is any cost incurred that directly relates to getting the sold goods out the door. I have them ask the question "Would you have this expense if you hadn't made the sale?" Continue reading
Using Account Numbers in Your QuickBooks Chart of Accounts
The QuickBooks Chart of Accounts is the framework used to categorize the information and transactions used to create reports. By using a chart of accounts and creating reports, you will always know the current state of your business. Continue reading