Lori V
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Cost of goods sold missing from chart of accounts set up
Lori V replied to Lori V's topic in Express Accounts
I think I just figured it out. Accounts are listed as an expense. Then under type, choose “cost of sales”. I haven’t checked the P&L stmt yet to see if it shows up correctly but trusting it will -
I cannot seem to figure out how to add cost of goods sold to the chart of accounts. I cannot fathom how it isn’t already a choice given it’s an important element of financial statements. Can someone help me?