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novalavictoire
September 22, 2022
Question

I have a client who purchases hair extensions for her salon. Would these hair extension purchases be considered a COS or a supply expense?

  • September 22, 2022
  • 1 reply
  • 0 views
She purchases them to provide her services. She will put them in and trim if necessary. So it would be the price of the extensions and plus her time to put them in.

    1 reply

    J
    JamesM4
    September 22, 2022

    Hi novalavictoire, 

     

    It's great to have you reach out to us in the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

     

    Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here. 

     

    I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.

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