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Manage Suppliers and Expenses for

Manage Suppliers and Expenses for

  • 2,280 Topics
  • 2,775 Replies
2280 Topics
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Inventory - Cost of Sales + Purchases - P&L

Hello, I have a question regarding the impact of the sale of my stock products in the P&L.  Let's take an example : - On February 2020, I place an order with a factory in China to buy products that I will sell in my shop. The bank flow will be reconcilied with the factory invoice and categorized as 'Purchase' (and will, therefore, impact my P&L)- Then I create each product sheets in the inventory part on Quickbooks (impact on my 'Inventory Asset' - Balance Sheet)- Finally, I sell these products in my shop and, with each customer invoice created, here is the impact on my accounts :     1. Decrease in 'Inventory Asset' (Balance Sheet)     2. Increase of  'Cost of Sale' (P&L)    3. Increase of 'Sale' (P&L) So, I see a double impact in my P&L : 1. Increase of my Purchase : with the Bill payed to the China factory, on february 2020. 2. Increase of my Cost of Sale : each time I sell a sto

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