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Holbren
Level 2

Which Account for Invoices W/O affecting P&L

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.

Solved
Best answer February 21, 2023

Best Answers
Rustler
Level 15

Which Account for Invoices W/O affecting P&L

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

1 Comment 1
Rustler
Level 15

Which Account for Invoices W/O affecting P&L

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

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