Bill Entered (Items)not showing on P & L report

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NerdiaTAF
NerdiaTAF Member Posts: 2

good morning ..i have entered a bill to USD A/P account..."Expenses" and "Items" . The "expense" costs show on the P& L report but the "items" costs dont show. any help greatly appreciated ..thank you

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  • Kris_Williams
    Kris_Williams Member Posts: 3,481 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Is the item an inventory item? If so it won’t show on P&L

  • NerdiaTAF
    NerdiaTAF Member Posts: 2
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    Thank You Kris..sorry for delayed reply..yes ..they are inventory items. Thank you.

  • Kris_Williams
    Kris_Williams Member Posts: 3,481 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    So it should show in the stock asset account and when it gets sold the average cost goes to Cost of Goods Sold and comes out of stock. It’s not easy to grasp believe me. I avoid inventory items if I can, depends on your requirements