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mtud12
Level 1

COS for UK dropshipper

I'm a UK dropshipper selling into the US and UK. When calculating COS/CoGS do I include the shipping and the US sales tax I have paid the drop shipping supplier in this? For my UK sales (shipped from the UK) where do I put the VAT? If not where do they go? And are my shopify fees a cost or an expense? 

1 Comment 1
Archie_B
QuickBooks Team

COS for UK dropshipper

Hello and welcome to the Community. mtud12.

 

If you're self-employed, you can use this article for more information and to find the category that best fits your entries: Schedule C and expense categories in QuickBooks Self-Employed.

 

Also, I recommend contacting your accountant for professional advice to ensure that the categories you used are correct.

 

If you require additional references for future tasks, please see this helpful link: QuickBooks Self-Employed Overview.

 

Please leave a comments if you still have any further questions. I'll be around to assist you. Have a fantastic day ahead.

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