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qielements
Level 1

My very small business does not need any of the features of QBOL Plus, except for tracking and cogs of about 35 inventory items. Need to cut costs. Ideas?

My current subscription is QBOL Plus. Is there some way to downgrade and still automate the calculation of COGS?
2 Comments 2
ZuzanG
QuickBooks Team

My very small business does not need any of the features of QBOL Plus, except for tracking and cogs of about 35 inventory items. Need to cut costs. Ideas?

Thank you for sharing your concerns regarding the Cost of Goods Sold and Stock Inventory. I understand that having too many features you may not utilize can lead to higher subscription costs.

 

Inventory tracking features are available only in the Plus and Advanced versions, specifically designed for businesses dealing with physical goods. These features allow you to monitor inventory levels, track sales, and manage stock effectively.

 

However, you have options to manually track inventory in QuickBooks Online Simple Start and Essentials. To know how refer to this article: Track inventory manually in QuickBooks Online.

 

If you decide to downgrade, here's how to proceed:

 

  1. Open your QuickBooks Online as a primary or company admin.
  2. Go to the Settings icon at the top right-hand corner of your dashboard under your profile click Subscriptions and Billing.
  3. Make sure your payment info is up to date.
  4. In the QuickBooks Online section, select Downgrade your plan.
  5. Review the available plans and then select Choose Plan.
  6. Follow the onscreen steps to downgrade your plan.

 

For more details, refer to this article for guidance on managing your QuickBooks Online account and gaining insight into accounting features.

 

Additionally, you can refer to this article to learn how to change the item type for a product or service: Change product and service item types in QuickBooks Online.

 

Stay connected if you have additional inquiries about your inventory and Cost of Goods Sold. The Community will always be here to answer your queries.

Chrea
Level 8

My very small business does not need any of the features of QBOL Plus, except for tracking and cogs of about 35 inventory items. Need to cut costs. Ideas?

@qielements 

You should consider switching to another accounting app.