Even though you may have not had inventory, it sounds like you still have cost of goods sold.
Cost of goods sold would be items that you purchased to sell at retail. If you had a salon, even though you're service related, your COGS would entail such things as shampoo, conditioners, hair related accessories, etc. Please feel free to post any additional details or questions in the comment section.
Please follow the instructions below to enter cost of goods sold:
Even though you may have not had inventory, it sounds like you still have cost of goods sold.
Cost of goods sold would be items that you purchased to sell at retail. If you had a salon, even though you're service related, your COGS would entail such things as shampoo, conditioners, hair related accessories, etc. Please feel free to post any additional details or questions in the comment section.
Please follow the instructions below to enter cost of goods sold: