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how to add cost of item sold

Topics: cogs cost-of-goods-sold ebay inventory outright paypal stores support

Hi

First time setup. Nice to get handle on what Ebay and PayPal charged me, but how do I enter in the cost of goods sold?

Or if I am buying my items on ebay how to attach them to the report?

Thanks

Asked Feb 6, 2010 20:07 PM by: eTechDealz

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Thanks for writing in. You can enter items purchased under the Expenses tab and use the "Cost of Goods Sold" category. This will ensure your profit and loss and Schedule C are up to date.

Hope that helps.

Answered Feb 6, 2010 22:20 PM by: Outright

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