Which Account for Invoices W/O affecting P&L

Holbren · ‎February 20, 2023

This year I switched back to QB desktop from online and invoices are arriving for orders I took last year and booked the P&L last year. For a given item, my inventory is zero so if I enter the supplier invoice as I normally would inventory would go -1 and I'm sure it would affect my inventory or COGS account. What is the best way to deal with this? I want the invoice entered but don't want it touching my P&L or inventory.

Rustler · ‎February 21, 2023

Create a service item and use that instead of inventory items that will solve the COGS issue

Date the invoices in last year if you want to avoid this years P&L

View solution in original post

Rustler · ‎February 21, 2023

Create a service item and use that instead of inventory items that will solve the COGS issue

Date the invoices in last year if you want to avoid this years P&L

Topics

Training

Community

Resources

Which Account for Invoices W/O affecting P&L