Need the ability to categorize Inventory Purchases. This is on the Schedule C under COGS. As of now, my purchases are being imported but I can't properly categorize them.
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Jamie Schwiderski commented
I also need COGS with running a computer repair business!! Please add ASAP
My business can't be done without inventory, but there's no inventory category. Under the supplies category, it says, "do not use for inventory," but there's no inventory category. Inventory is my biggest expense and this app won't help me very much if there's no way for me to categorize it.
Christina Cox commented
No COGS category!? This may make QBSE a no-go for us. At first, it looked like an excellent product, only to figure out that simple things like COGs and customer receipts don't exist. WHY, QB, WHY!?!?!?!
Yeah it's getting pretty annoying not having this category.
I agree, inventory is a necessary category. Please add.
I need COGS, I am buying parts and materials to sell on and have no where to categorize them? Any ideas, will upgrading to another quickbooks product fix this?
Melissa Hill commented
Check out www.advancedquickbooksservices.com for help with inventory.
Without COGS, quickbooks self employed is a non-starter.
You will find new information about COGS or cost of goods sold here https://easyerp.com/blog/how-calculate-cost-of-goods-sold/
Seriously !!! no COGS is ridiculous
NO COGS!! How can we classify this Fundamental category!!
Yes, definitely need COGs. Pretty useless without it!
Darby Ruoss commented
Inventory is a necessary asset category, I'm disappointed it is not on here. For what we all pay each month to use this service, it would be nice to see this added instead of having comments going back to last year. Shows it's not an important part of a self employed business to Quickbooks.
No COGS? Just what kind of business was this designed for?
Lisa Dowty commented
Where is the COGS category????
I am on a trial but not having this is an issue. And there is no way to add a custom category.
Why can't cost of goods sold be added to our accounting? My CPA doesn't want to see these entries under "supplies"
I agree with the prior comments. COGS must be an available category..
Cost of Goods Sold, or Cost of Sales is one of the foundational categories for a product-based business. The cost of materials to make a widget. It should not be lumped into "Other Business Expenses". Every tax preparer has always asked me, what entries are part of "Other Expenses"?
In fact, page 2 of Schedule-C has lines for COGS/ COS.
Please immediately fix this oversight, as it should not have been left off.
PS: Godaddy Bookkeeping did not miss, and they allow to create sub-categories.