Re: When I don't pay COGS @ POS, I get weekly bill.If I input bill, it dsnt let me classify as CO...
It’s nice to see you in the Online Community, jsfamilyautorepa.
Let me point you in the right direction about classifying expenses as COGS.
When the item you’re working on is tracked as inventory, it’s automatically classified under COGS. This is because the first time you add an inventory item, QuickBooks uses this account to track how much the goods that were held in inventory cost when they are sold.
You may want to consider checking with your accountant for information on how your business should classify expenses as COGS while maintaining an accurate record of your accounts receivable. I’m also adding a link with detailed information how QuickBooks handles COGS.