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November 10, 2024
Question

Should I set it up as COGS or as an Income?

  • November 10, 2024
  • 0 replies
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I need to set up a non-inventory materials account. I purchase materials for electrical work and include them on client invoices. I initially set this account up as COGS, but it appears as a negative on the P&L statement. Should I set it as an Income instead? Thank you.