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stevenrradtke
Level 1

Cost of Goods Sold in Quickbooks SE?

I make and sell things. I used to tag a lot of things to Cost of Goods Sold in my previous bookkeeping software. Anything that I buy that goes directly into the things I sell. Is there a similar category for COGS in Quickbooks SE? I'm worried this will mess up my tax guy.

2 Comments 2
Charies_M
Moderator

Cost of Goods Sold in Quickbooks SE?

Welcome to the Community, stevenrradtke.

 

QuickBooks Self-Employed (QBSE) can only track sales and expenses which is the profit and loss feature. Thus, tracking and managing inventory in QBSE is unavailable. This includes categorizing Cost of Goods Sold (COGS).

 

Let me share these easy-to-access articles, webinars, and video tutorials that will help you in familiarizing the different tasks, features, and functions of QBSE. Below are the following:

You can always get back to me if you have additional questions with QBSE. I'll be around to help whenever I can. Have a good day.

Fiat Lux - ASIA
Level 15

Cost of Goods Sold in Quickbooks SE?

@stevenrradtke 

Consider switching to QB Online Plus to manage inventories.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

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