Hello,
I am curious regarding how to properly do this in Quickbooks. I purchased material and supplies needed to build my product to sell and it was with my personal money at the time and was done in 2023. I have already entered everything in my Journal with the debit charge amount but curious on a few things and then on the same journal credit it and put as owners equity
1. Would I put supplies and material used to create my product as cost of goods sold or as an expense?
2. With doing a reimbursement, do I put it as a check or expense?
3. Should I consider this all as start up costs?
Thanks,
