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Join nowIs there a way to assign multiple COGS to one item? I have used the build assembly but the problem with that is it wants a fixed cost assigned and my costs vary.
Example: A light fixture we build using multiple vendors has a 3 COGS: the frame, the wiring, and the painting. The wiring cost will vary depending on the vendor we are using. Would I have to set up multiple wiring service items to use in the build assembly every time the cost changes as we change vendors? Seems very cumbersome.
Sounds like these are made to customer order, if so then the cost is Cost of Sales and not Cost of Goods Sold. COGS is directly related to the cost of the items you stock for sale when you file income taxes so it is best not to get them mixed up.
Create a COGS type account named cost of sales in the chart of accounts and use that for the purchase of each included part.
But no, one item one account is the way it works
Thank you for responding.
Yes, some items are made for custom orders and some we stock as inventory in our showroom.
I would assume the main feature and benefit to using QB Enterprise Manufacturing is being able to use multiple costs assigned to items manufactured. We outsource the manufacturing so we receive 3-4 bills per item from vendors used to make that item.
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