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?
Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!
About This Community
|Asked: 9/11/13, 6:35 PM|
|Seen: 622 times|
|Last updated: 3/16/15, 8:10 AM|