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southerncurryhou
Level 1

I have bought groceries for my restaurant. So that receipt I try to scan and attach in the qb but I am not sure which category can use for my groceries

Like spices, takeaway boxes, groceries
2 Comments 2
Alex M
QuickBooks Team

I have bought groceries for my restaurant. So that receipt I try to scan and attach in the qb but I am not sure which category can use for my groceries

Hi there southerncurryhou,

 

Thanks for reaching out about your expenses. QuickBooks Online is a great tool able to help you keep track of sales and expenses so that you can know the profitability of your company. I can point you in the right direction for assistance with entering these expenses.

To know which accounts you need to affect with this expense to make sure your books remain balanced, I recommend reaching out to your accountant. Their expertise will be able to assist you in making sure all accounts are affected correctly by the transactions created. You can invite your accountant by going to the My Accountant section and entering their contact details. You can also find an accountant near you by clicking on the Find a pro to help button in that tab.

If you have any other questions, feel free to reach out here.

AdminAndrea
Level 5

I have bought groceries for my restaurant. So that receipt I try to scan and attach in the qb but I am not sure which category can use for my groceries

These items are typically considered part of your cost of goods sold COGS.  Depending on how your chart of accounts was set up in QBO you can look at your Profit & Loss statement to see what accounts are captured under your COGS.  If you only have 1 account under COGS then use that account, if there are multiple accounts you should choose the account that is most accurate for reporting purposes (there may be an account for food costs, one for tools (like knives), etc.  Your accountant should be able to advise you which account to use based on how your chart of accounts was set up. 

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