Bill Entered (Items)not showing on P & L report
NerdiaTAF
Member Posts: 2 Novice Member
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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Comments
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Is the item an inventory item? If so it won’t show on P&L
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Thank You Kris..sorry for delayed reply..yes ..they are inventory items. Thank you.
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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
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