Were wanting to understand in more detail what categories we have for the cost of the various products which we purchase.

If we wanted to do this, would we need to make up additional cost of goods sold categories such as:

Cost of goods sold - Doors
Cost of goods sold - Windows
Cost of goods sold - Roof tiles

Hi Mark,

Yes, that's the simplest way to keep track of the categories of goods purchased. You can create a new account by clicking menu File > New > Account (and set the type to 'Expense).

Regards,

Hi

Just to follow on.
What would the reporting group be? for grouping on the COA

Normally you should should group the Cost of Goods Sold account under 'Direct Costs'.

I'm not familiar with COA - what does it stand for?

Thanks