COGS vs expenses and how to separate

DWW

I have a new business and using Wave for the first time. I've uploaded all receipts but they're all showing up as expenses. How do I move certain expenditures over to COGS?

KristenV

Hi @DWW , if your uploaded receipts are incorrectly reflecting an Operating Expense account when they should be reflecting a Cost of Goods Sold account, you are able to correct this by changing the receipt Category. By default your Wave account would have come preloaded with several Categories/accounts. If you are unable to find a Category/account suitable, you are able to add a custom one yourself through Accounting > Chart of Accounts. This Help Centre article can walk you through that process.