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Level 2

Print on demand costs

How do I account for costs for print on demand products in my online store. I do not hold inventory. If I understand correctly, COGS are only for inventory expenses

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Best answer November 23, 2020

Best Answers
Level 15

Print on demand costs

True, COGS is related to the cost of inventory items sold when you file taxes.

 

In the chart of accounts, new account there is a COGS type account called Cost of Sales (COS) use that for your print on demand costs

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2 Comments
Level 15

Print on demand costs

True, COGS is related to the cost of inventory items sold when you file taxes.

 

In the chart of accounts, new account there is a COGS type account called Cost of Sales (COS) use that for your print on demand costs

View solution in original post

Level 2

Print on demand costs

Ok, that makes sense. Do I post all costs there, like shipping costs the print on demand company charges along with the product expense?

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