How to record expenses that are used to create a product to be sold?
Hi, we run a fish and chips shop and I was wondering how we can account for the ingredients we pay to make the product?
So for example, we purchase $500 worth of fish. Would this be a Cost of Goods Sold Expense? What accounts would we need in order to clearly show our purchases? We also sell drinks. Would we need one account for each ingredient/?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
