@rachaelmw72 wrote:
I just put in my inventory valuation. At what point will it ask for my COGS? I wanted to go accrual method rather than cash.
The program does not ask for your COGS because COGS is part of a formula, which is derived as stated in my earlier post (COGS is actually a result, not an input). You can input your beginning inventory, your purchases (also materials/supplies and labor costs if applicable), and your ending inventory; the program will calculate your COGS.
Note that you have to change your accounting method from the default "Cash" to "Accrual" in the Business Profile section of the program.
