Last updated 08/01/2021
Each Sales Order has a corresponding Cost of Goods Sold (COGS) expense which is associated with the stock being sold in that order. Cin7 creates this as a manual journal entry in QuickBooks Online. The manual journal will decrease the nominated Cin7 Asset ledger and increase the nominated Expense Ledger.
COGS manual journals can be imported to QuickBooks Enterprise (QBE) via the QuickBooks Enterprise Module in Cin7.
Before a COGS journal can be imported into QuickBooks Enterprise the following conditions must be met:
To import COGS:
The COGS journal will now be viewable in QuickBooks Enterprise.
Four weeks after a COGS journal has been imported to your accounting system, Cin7 will test for any changes to the COGS and update the COGS value awaiting to be imported to QBE. This is useful for cases such as added freight costs incurred after dispatching a product.
For more information on adding costs after a sale, please see Applying Import Costs to a Purchase Order.
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