I’m trying to upload our company file to the online version and I’m getting error messages about having to convert inventory expense accounts to COGs accounts. I inherited this file and don’t want to have to correct prior years. The online version won’t let me upl
QuickBooks Online (QBO) uses Cost of Good Sold (COGS) Account as default Expense account for an inventory item. This is the reason why you're getting the message to convert inventory expense accounts to COGs accounts.