Home› Accounting› Accounting Technical Support

Product Costs

FrankFrank Member Posts: 2

Hello All,

I have been unable to enter in Wave the COGS of each of my products, as well as costs of other services. This information is needed for income statements, cash flow, and balance sheets.

Please advice. Thanks.

in Accounting Technical Support

Comments

  • CharlotteCharlotte Member Posts: 671 admin

    Hi @Frank ! One of our Wave Pros has spoken about this here (a search for "product" or "inventory" will point you to threads where this has been discussed).

    You can also find our guide to inventory here. You'll find that this is workaround process, because Wave is not specifically built for inventory entry and tracking.

  • FrankFrank Member Posts: 2

    Based on what I found, for my biz is not that simple. I have been unable to setup the B2C income based on pint glasses and the B2B (1/6 barrel) for distribution. I don't know how Wave would see the difference to calculate the taxable income and the net profits.

Sign In or Register to comment.