Accurately account for SAMPLES received as COGS

4 replies
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We purchase samples in order to test and determine if the product is an item we want to sell. Currently the samples go into a COGS account called Samples. Because these are samples and not actual product for sale they do not show up in COGS when I create a P&L. How do I accurately account for the COGS of these sample items?

QuickBooks Desktop

H

hedy11Answer

To put samples in COST OF GOODS SOLD is confusing and not the right place. I would suggest it belongs into EXPENSE: PRODUCE SAMPLES as these are not compiled into any cost of goods yet, and are an ongoing expense to running your business by testing and trying out samples.

H

hedy11Answer

To put samples in COST OF GOODS SOLD is confusing and not the right place. I would suggest it belongs into EXPENSE: PRODUCE SAMPLES as these are not compiled into any cost of goods yet, and are an ongoing expense to running your business by testing and trying out samples.

C

ChrisM67

Would you put the tax line mapping to Other Deductions: Office Expense

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