Supplier Default

Welcome and thank you for choosing QuickBooks Online (QBO), ZMBooks!

I will guide you to create a Cost of Goods Sold account.

If you have inventory items, you can enable to Inventory tracking feature, and this will automatically create a Cost of Goods Sold account. This feature is only available in the QBO Plus and Advanced plans.

1. Click the Gear icon and choose Products and Services.
2. Click New and enable the option for Inventory.

To add another cost of goods sold account:

1. Click the Gear icon and choose Chart of Accounts.
2. Click New and choose Cost of Goods Sold under Account Type.
   
3. Select a Detail Type and name the account.
4. Click Save and Close.

You can assign the new COGS account to your product items.

On the other hand, you can check the video tutorials for your reference in the future.

If you have other questions in mind, you can always go back to this thread.

HI Many thanks for your reply re Cost of Sales. So I presume I cannot add Cost of Sales as a default expense account when i add a new supplier?

So when i'm entering a bill it would be great if the Category would automaticallty come up as Cost of Sales. Is this possible please? Thank you.

Ok that's good to know. Many thanks.

I'm glad to see you were able to receive the assistance you needed here in the Community, ZMBooks. Please don't hesitate to reach back out if you need a hand with anything else. Myself and the rest of the Community have your back.