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Olafandmaggie
November 23, 2020
Solved

Print on demand costs

  • November 23, 2020
  • 1 reply
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How do I account for costs for print on demand products in my online store. I do not hold inventory. If I understand correctly, COGS are only for inventory expenses

Best answer by Rustler

True, COGS is related to the cost of inventory items sold when you file taxes.

 

In the chart of accounts, new account there is a COGS type account called Cost of Sales (COS) use that for your print on demand costs

1 reply

Rustler
RustlerAnswer
November 23, 2020

True, COGS is related to the cost of inventory items sold when you file taxes.

 

In the chart of accounts, new account there is a COGS type account called Cost of Sales (COS) use that for your print on demand costs

O
Olafandmaggie Author
November 23, 2020

Ok, that makes sense. Do I post all costs there, like shipping costs the print on demand company charges along with the product expense?

J
jaywolfe99
March 16, 2021

Anyone know the answer to this?

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