Shopify store that makes it's own product, using the cost per item sold in inventory but not sure where to categorise it?

HVT · ‎December 16, 2022

I run a Shopify store that makes its products from material bought in. I have set up the inventory system with the cost of each product sold as i would like to see this on a P&L.

now looking at the P&L I release that I've messed up as my raw material costs are also on there, so my costs are doubled. Is there a way I can keep the costs in the inventory and run this report separately without it showing on the p&l

currently it shows as cost of goods sold.

Ashleigh1 · ‎December 16, 2022

Hello HVT,

Welcome to the Community page,

Since You are in the P&L you will also be in the Chart Of Accounts and you can run a quickie report to see the cost and materials posted to that account. We would recommend that you speak to an accountant to rectify this, also the supplies and materials are down as a sub account of the cost of goods sold so if it is an expense it should show lower down you would need to speak to the accountant to make sure the category is set up correctly.

Fiat Lux - ASIA · ‎December 16, 2022

@HVT

QBO doesn't provide any assembly feature. Consider having an additional app to integrate with QBO and Shopify.

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Shopify store that makes it's own product, using the cost per item sold in inventory but not sure where to categorise it?

Shopify store that makes it's own product, using the cost per item sold in inventory but not sure where to categorise it?

Shopify store that makes it's own product, using the cost per item sold in inventory but not sure where to categorise it?

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