Skip to main content
March 9, 2024
Question

How do I change the cost of goods on a product?

  • March 9, 2024
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

March 9, 2024

Hello there, ajp4990.

 

I can guide you on how you can change the Cost of Good Sold (COGS) account in a products/services item in QuickBooks Online.

 

To change the COGS account associated with an item in QuickBooks Online, you can follow these steps:

 

  1. Log in as admin to your QuickBooks Online account.
  2. From the left navigation menu, click on the Sales tab, then choose Products and Services.
  3. Locate the inventory item for which you want to change the COGS account and click on Edit in the ACTION column.
  4. In the Product/Service information window, scroll down until you see the Expense account drop-down.
  5. Select the account, then hit Save and close.

 

I've also added the following articles for more details about managing your product and services items:

 

 

If you have additional questions about product and services, please feel free to ask. I'm here to help!