Service and Non-Inventory Items

Good afternoon, @Rozmore13. 

It's great to see you back in the Community! 

With the Profit and Loss list, it should be reporting income and expense accounts. As long as the cost is associated with an account, that account should report on the Profit and Loss. 

You can also double-check with your accountant to be sure on this. 

Feel free to reach back out if you're having any more trouble. We're always here to lend a helping hand. Best wishes! 

@Rozmore13 

COGS does not apply to service and non-inventory products.  It only applies to inventory products.  Expenses for service and non-inventory products should be booked at the time you purchase the items, not when you sell them, as is the case with inventory items.  You can select COGS under the expense account for service and non-inventory products, but that books COGS at the time of purchase, not at the time of sale, which is, technically, improper accounting.