Skip to main content
Z
Zala98-0
October 28, 2024
Solved

Transaction

  • October 28, 2024
  • 1 reply
  • 0 views
Hello Everyone, Here I am asking question again. I'm dealing with a Spa business and just wondering what's the proper category I should put the candles to? This is the first time I'm seeing a transaction spent on a candle. Is it going to COGS or to Office Expense? Your help will be very much appreciated.
 
Best answer by kabel1657

Hey @Zala98-0,

 

Great question. For a spa business, candles are typically part of the ambiance, so they usually go under "Office Expenses" or "Supplies" rather than COGS, since they're not directly resold or part of a specific treatment.

 

But if candles are sold to clients, you’d classify them under COGS. It’s all about the purpose—hope this helps!

 

P.S.: I’m a QuickBooks ProAdvisor with 7+ years of experience. Need help with QuickBooks Bookkeeping?

 

Google my username, @kabel1657, to see my proven track record!

1 reply

kabel1657
kabel1657Answer
October 28, 2024

Hey @Zala98-0,

 

Great question. For a spa business, candles are typically part of the ambiance, so they usually go under "Office Expenses" or "Supplies" rather than COGS, since they're not directly resold or part of a specific treatment.

 

But if candles are sold to clients, you’d classify them under COGS. It’s all about the purpose—hope this helps!

 

P.S.: I’m a QuickBooks ProAdvisor with 7+ years of experience. Need help with QuickBooks Bookkeeping?

 

Google my username, @kabel1657, to see my proven track record!

    Z
    Zala98-0Author
    October 28, 2024

    Thank you. Want to make sure that I'm doing it correctly. Is Office Supplies & Software good to book this transaction to?

    K
    KimAnnVA
    October 28, 2024

    Office Expenses, Business Expenses, Sundries.   Don't forget you can edit your chart of accounts names. 

      Terms & ConditionsAccessibility statement