@cC5dnB5 wrote:
Non-Inventory Items are tracked as a current cost (Cost of Goods Sold) and they are recorded on your Profit & Loss statement when they are purchased. You will only see the cost of your Non-Inventory items on your Profit & Loss statement after the items associated with them have been sold.
When non-inventory items are set up, you choose an expense account. When you buy a non-inventory item, I can see that the COGS expense account is increased. Where does the corresponding double-entry post go? What if the item is never sold, but only used in the production of other items? I'm using Manufacturing & Wholesale, and I usually do an inventory adjustment to zero out the COGS accounts and burden the assembly items with the COGS such as these.
@cC5dnB5
This is an old thread with mixed-up postings. It's a good idea to open a new posting to get a better answer from the QuickBooks Community.
