ataloma
Level 2
 
0 Cheers
abctax55
Level 15

There is a line in Lacerte (PTO's big sister) for "cost of items for personal use".  If PTO doesn't have that, I would just add it (as a subtraction) in 'Other costs in COGS'.

A negative in purchases would look odd, but it is defensible under these circumstances.

HumanKind... Be Both
abctax55
Level 15

And yes, show ending inventory as zero.

HumanKind... Be Both

View solution in original post

itonewbie
Level 15

Yes, PTO has the exact same line.

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Still an AllStar
ataloma
Level 2

Thanks for your reply. I appreciate it very much.