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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 9891
Experience:  FCCA FCMA CGMA ACIS
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I’m looking for some advise on an ECommerce accounting

Customer Question

I’m looking for some advise on an ECommerce accounting question
JA: Have you talked to a tax professional about this?
Customer: No
JA: Anything else you want the Accountant to know before I connect you?
Customer: Mainly just about Ecommerce accounting
Submitted: 10 days ago.
Category: Tax
Expert:  bigduckontax replied 10 days ago.

What is your problem, please?

Customer: replied 10 days ago.
I have numerous integrations with my online store for financial and inventory purposes. When it comes to purchase orders and buying stock, can I just convert my “stock” invoices into an Expense as COGS rather than list individual products that I have bought on the purchase order?
Expert:  bigduckontax replied 10 days ago.

Of course you can, they are 'Cost of Goods sold.'