cancel
Showing results for 
Search instead for 
Did you mean: 
Anonymous
Not applicable

Can you calculate average cost with an Other Current Asset account?

I think QBO calculates average cost for Inventory accounts as part of its COGS formulation. Can it do this for Other Current Asset accounts as well and, if so, how?
Solved
Best answer January 09, 2020

Best Answers
Fiat Lux - ASIA
Level 15

Can you calculate average cost with an Other Current Asset account?

You may need an inventory management app to calculate average cost and integrate it with your QBO.

View solution in original post

3 Comments 3
Fiat Lux - ASIA
Level 15

Can you calculate average cost with an Other Current Asset account?

You may need an inventory management app to calculate average cost and integrate it with your QBO.

Anonymous
Not applicable

Can you calculate average cost with an Other Current Asset account?

@Fiat Lux - ASIA Yeah I think you're right. I don't think QBO does this on its own.

JonpriL
Moderator

Can you calculate average cost with an Other Current Asset account?

Hello @Anonymous,

 

At this time, there isn't an option to calculate the average cost of your Other Current Asset account.

 

In the meantime, you can consider integrating an app, as shared by our member, @Fiat Lux - ASIA, that'll help you calculate the average cost.

 

But don't worry, I'll pass along your request to our developers. To add, I've included a couple of article below for future updates of our product:

Keep me posted in the comment section down below if you have any other questions. I'm always around happy to help.

Need to get in touch?

Contact us