cancel
Showing results for 
Search instead for 
Did you mean: 
Doug E Fresh
Level 2

Cost of Goods Sold

We produce valet parking service.  What if anything would be included in our COGS?  We contract the part-time valets and employee the organizers (full-time).  Would the contracted labor be under COGS?  How about the cost of insurance?  What goes into the production of our service is 1) the valet 2) equipment 3) insurance.  

2 Comments
Rustler
Level 15

Cost of Goods Sold

When you file taxes, COGS is all about the cost of inventory sold, so no you would not use COGS

 

So far everything you mentioned is an expense.  But you did not mention what you mean by equipment. 

Doug E Fresh
Level 2

Cost of Goods Sold

Equipment for us is:  cones, podium or keyboard, and tickets

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us