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When I do an invoice from billable expenses it's putting a credit to my cost of sales account. Is this correct?

 
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QuickBooks Team

Re: When I do an invoice from billable expenses it's putting a credit to my cost of sales account...

Hello,

 

Welcome to the QuickBooks community. I'll be happy to assist with your question. QuickBooks Online offers a versatile platform where you can manage your business finances efficiently. The system doesn't include a default account called "cost of sales"When you create an invoice from billable expense, the system will apply a credit to the Billable Expense Income account. You can check the details of the transaction in the Transaction Journal by doing so:

  1. Select Sales on the left side
  2. Select Invoices
  3. Select the invoice you wish to check
  4. Select More from the bottom menu
  5. Select Transaction Journal

Knowing that there is no default account called "cost of sales", there is a chance that the Billable Expense Income account was renamed. I suggest calling our phone support team at 1-855-253-1536 so a specialist can take a closer look. Our agents are available Monday to Friday, 9 a.m. to 8 p.m. and Saturday from 9 a.m. to 6 p.m.

 

Let me know if you have another question.