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February 14, 2021
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How to categorize food ingredient that used to make cookies

  • February 14, 2021
  • 1 reply
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Best answer by IamjuViel

Greetings, @gaelle.alcaraz@h.

 

Making sure you're able to assign the right category to your self-employed related transactions is our priority.

 

Currently, QuickBooks Self Employed doesn't have the option to categorize a transaction under cost of goods sold. You may want to refer to this article to learn more: Other business expenses.

 

Also, I'm sharing article for more information about the categories: Schedule C and expense categories in QuickBooks Self-Employed.

 

Lastly, I'd recommend consulting with an accountant. They can share expert advice on whether you should list the dollar amount used for purchasing the materials and supplies used for sold products or not. This is to make sure everything is accurate.

 

Don't hesitate to drop a reply below if you have other question or concerns about expense categories. I'll be sure to help.

1 reply

IamjuViel
IamjuVielAnswer
February 15, 2021

Greetings, @gaelle.alcaraz@h.

 

Making sure you're able to assign the right category to your self-employed related transactions is our priority.

 

Currently, QuickBooks Self Employed doesn't have the option to categorize a transaction under cost of goods sold. You may want to refer to this article to learn more: Other business expenses.

 

Also, I'm sharing article for more information about the categories: Schedule C and expense categories in QuickBooks Self-Employed.

 

Lastly, I'd recommend consulting with an accountant. They can share expert advice on whether you should list the dollar amount used for purchasing the materials and supplies used for sold products or not. This is to make sure everything is accurate.

 

Don't hesitate to drop a reply below if you have other question or concerns about expense categories. I'll be sure to help.