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Level 1

Oddly, when you create a purchase order from the create menu versus in the vendor area, the PO gets a different account...COGS versus Inventory Asset. Is this a bug?

 
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QuickBooks Team

Oddly, when you create a purchase order from the create menu versus in the vendor area, the PO gets a different account...COGS versus Inventory Asset. Is this a bug?

I've checked and found no reported issues related to this one, blake3.

 

When setting up an item, QBO suggests using the Inventory Asset account and COGS for the Expense account. However, you can change them to something you'd like.

 

Let's isolate the behavior by checking the inventory accounts associated with the item.

 

Here's how:

  1. Click the Gear icon.
  2. Under Lists, select Products and Services.
  3. Find the item that you're trying to use on the Purchase Order.
  4. Review the Inventory and Expense account.

If nothing has changed on the settings but the PO still shows different accounts, I'd suggest giving us a call. We'll check what's causing this, so we can fix it for you.

 

You can get our phone number by following these steps:

  1. Go to this link https://help.quickbooks.intuit.com/en_US/contact.
  2. Select QuickBooks Online.
  3. Click the Running your business in QuickBooks topic.
  4. Select the Vendors sub-topic.
  5. Scroll down and click the Get Phone Number button.

Feel free to leave a reply if you have more questions.

Highlighted
Level 15

Oddly, when you create a purchase order from the create menu versus in the vendor area, the PO gets a different account...COGS versus Inventory Asset. Is this a bug?

IF, if you have QBO+ and are using inventory, you never ever use inventory asset on a PO, a Bill, or an adjustment.

Inventory is ordered and stocked using items, only items in the item detail part of the PO, or Bill, So
insure that in in company settings you turn on the items table and purchase orders.  

So are you using QBO+ with item tracking (inventory) set to on?

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