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QuickBooks Online: Invalid Expense Account for Inventory Item Error - Connect IT Community | Kaseya
<main> <article class="userContent"> <p><span data-contrast="auto"><strong>Problem</strong> </span></p> <p><span data-contrast="auto">Invalid account type: For an inventory product, the expense account must have Account Type: 'Cost of Goods Sold'</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p> <p><span data-contrast="auto"><strong>Resolution</strong> </span></p> <p><span data-contrast="auto">The type of Expense Account specified</span><span data-contrast="auto"> for the product has an invalid type that is not accepted by QuickBooks.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p> <ul><li data-leveltext="" data-font="Symbol" data-listid="6" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"> <span data-contrast="auto">Make sure that the expense account specified for the item in QuickBooks has a type “Cost of Goods Sold”</span><span data-ccp-props="{"134233279":true,"201341983":0,"335559739":160,"335559740":259}"> </span> </li> <li data-leveltext="" data-font="Symbol" data-listid="6" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"> <span data-contrast="auto">One tip to find out a valid account is to check what default accounts are specified automatically in QuickBooks if you try to add an inventory </span><span data-contrast="auto">product</span><span data-contrast="auto"> manually there. Then specify the same account in BMS.</span><span data-ccp-props="{"134233279":true,"201341983":0,"335559739":160,"335559740":259}"> </span> </li> </ul> </article> </main>