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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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KlentB
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Thanks for coming back to this thread, quinn1.

 

Yes, you can use the Cost of Goods Sold (COGS) account. This account tracks all the cost associated with the items that you sell. COGS account also gives the total underlying costs on your Profit & Loss reports.

 

You can follow the steps provided by my colleague Jen_D above in recording items that don't contribute to generating your income.

 

If you need related articles in doing your task in QuickBooks, you can always visit our Help Articles. This contains guides and instructions on how to better manage your account.

 

I'm just a few clicks away if you have additional questions or need additional help in managing your account. Cheering you to continued success.

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