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How do I set up inventory properly?

By
jeff kaminsky
on 9/11/13, 6:35 PM 697 views

How do I set up inventory properly? I buy products and then resell them. I want to buy them and stock into inventory and when I sell I want them to expense into COGS. Right now they stay inventory, and my COGS account is ignored. My profit and loss statement shows zero expenses. How do I fix this?

I am having the same issue and was hoping you have come up with a solution if you have can you let me know. I will continue to work on it and let you know if I find one.

Jason Steen
on 3/19/14, 11:14 AM

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Asked: 9/11/13, 6:35 PM
Seen: 697 times
Last updated: 3/16/15, 8:10 AM