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      How do COGS work?

      Cost of Goods Sold (COGS) allow you to classify Expenses that are incurred on behalf of your Client(s) as well as Expense Categories. Or, if you just want to log Expenses for your business, you can use the steps here instead.

      Marking Expenses as COGS also ensures the Expense is allocated correctly on the Profit & Loss report in the Cost of Goods Sold section under Income, even if the Expense is never billed onto an Invoice. You can also find a list of all Expenses marked as COGS by exporting your Expense Report.

      If you're looking to assign and rebill Expenses so you can Invoice them to your Clients, you can find the steps here.


      Mark an Expense as COGS

      1. Go to the Expenses section
      2. Click on an existing Expense, or the New Expense button
      3. If editing an existing Expense, click the Edit button
      4. Under Expense Settings (on the right), click on Cost of Goods Sold
        Cost of goods sold option on new expense.
      5. Check the box off to mark it as COGS
        Mark expense as cost of goods sold checkbox.
      6. A new option will appear, asking if you'd like to remember the Expense Category selected as COGS for all future Expenses - this is optional
        Mark to remember expense category as COGS for future.
      7. Click Done to finish.



      • Recurring Expenses will not retroactively update if you mark the Expense or Category as COGS after creating a Recurring Expense, any generated Expenses will need to be manually marked as COGS
      • Expenses marked as COGS will be reflected in the COGS section on the Profit & Loss Report
      • Categories marked as COGS will result in all future Expenses assigned to this Category automatically marked as COGS moving forward
      • View all Expenses marked as COGS by running an Expense Report and exporting it to a CSV file which includes an additional column for COGS

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