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kirstennabi
Level 1

COGS not Showing Up as Expense Category in Solopreneur

The expense category of COGS is not showing up as an option as I try to categorize my expenses. I follow the guidance from the AI Assistant, but nothing has worked so far.

1 Comment 1
GlinetteC
Moderator

COGS not Showing Up as Expense Category in Solopreneur

I'll explain in details why there isn't an option for COGS in QuickBooks Solopreneur, Kirsten.
 

QuickBooks Solopreneur is designed for solo entrepreneurs, regardless of whether they employ 1099 contractors. By connecting your bank or credit card, it automatically organizes transactions into predefined categories for easy review. Its tax filing tools are tailored for individuals needing to submit 'Schedule C' (form 1040).
 

Additionally, a solopreneur does not have the option to track inventory. This limitation is precisely why there is no available option for a Cost of Goods Sold (COGS) category. You can check this article for more information: Introduction to QuickBooks Solopreneur.
 

If you're looking to enhance your inventory management capabilities, consider to explore the upgraded options of QuickBooks Plus and Advanced versions. These versions offer more robust features that can streamline your inventory processes.

 

I'm still available to assist if you have other concerns while doing tasks to your account. Please add them in the comments below. I'll be sure to provide the necessary guidance.

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