lyndamarie Posted March 8, 2015 Share Posted March 8, 2015 Hi there, I just set up the free version of the software for my small business and though I recorded the purchase price as well as the selling price in the Items list, the purchase price is not being deducted and so my income statement shows the full selling price as profit. Does anyone know how to fix this? Thanks Lynda Link to comment Share on other sites More sharing options...
bigmodo Posted March 15, 2015 Share Posted March 15, 2015 I also need help with this Link to comment Share on other sites More sharing options...
Luc Posted March 18, 2015 Share Posted March 18, 2015 I desperately need help with this too! The cost of sales isn't deducting Link to comment Share on other sites More sharing options...
Luc Posted March 18, 2015 Share Posted March 18, 2015 Hi there, I just set up the free version of the software for my small business and though I recorded the purchase price as well as the selling price in the Items list, the purchase price is not being deducted and so my income statement shows the full selling price as profit. Does anyone know how to fix this? Thanks Lynda Hi Lynda, may I know have you found the solution to this issue? I am facing the same issue. I debit the amount to Inventory (asset) but when i sold something, the amount doesn't reduce. Link to comment Share on other sites More sharing options...
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