I've read the entire Farm Accounting Cookbook Series. My question is not ag specific. Maybe you can offer an explanation that I can understand, because it reall...
This is incorrect. Quickbooks does NOT post a paid invoice directly to COGS when running a cash report. It still keeps it as an inventory asset on the balance s...
I'm sorry, I still don't think we're understand each other. Unless I'm mistaken, the recommendation by Catherine_B is for non-inventory items. I'm asking about ...
If I had to boil my question down, it is this....How do I setup QuickBooks to expense inventory item purchases (to their COGS account) when using cash basis rep...
According to cash accounting principles, there is no inventory as all expenses should be recorded in the period in which they are paid. So I don't understand wh...
