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stock the shipping materials as inventory, but when doing so change the expense account listed to supplies expense, doing that will push the cost of what was used to the correct expense account (it defaults to COGS, change it)
What the customer pays you for shipping is your income, then what you pay for actual shipping to the customer is an expense. Income is reduced by expense on the P&L
Thank you Rustler!
I apologize, i'm a total newbie so when you say stock as inventory, do you mean i should record it in QB as "inventory" or you meant just keep track of the materials as inventory? What I had was an expense account labeled as "Shipping & Packing" and was sending anything i spent on shipping boxes, packing tape, foam, etc there:
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