Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results forΒ
Connect with and learn from others in the QuickBooks Community.
Join nowThis is where I'm getting confused, I didn't enter the raw material into inventory. I simply expensed to Supplies & Materials - COGS when I entered the transaction into QBO. I only added the final product into the inventory. The expense account used for inventory items is COGS. So am I doubling the expenses in COGS? I guess my biggest problem here is that I don't understand how COGS and Inventory works. Nor do I understand how this effects my financials. If you could explain it in Layman's terms that would be great!