Note: You’ll need a QBO Plus or Advanced Plan, which includes inventory tracking.

Sync Products in QBO and Syncro

Follow these steps to sync Products in QBO and Syncro:

1. Create a new Inventory product in QBO or edit an existing one: 
   
2. Make sure the Income Account is “Sales of Product Income,” and the Expense Account is “Cost of Goods Sold”: 
   
3. In Syncro, if you add the Product, make sure you enter a Price Retail and Price Cost: 
   
4. Navigate to the QB Settings page and scroll to the bottom: 
   
5. If the product already exists in Syncro, click Check for Item Changes. If the product does not exist in Syncro, click Import Products from QuickBooks to Inventory. 
   Note: The Product/Item imports include "Service, Non-Inventory Part, and Inventory Part” and exclude “Other Charge, Group, Subtotal, Discount, Payment, Sales Tax and Sales Tax Group.”

Add Items to the Invoice and Sync to QBO

1. Add the item to an invoice in your account. The invoice syncs to QBO.
2. Accept payment on the invoice in your account.

View the Cost of Goods Sold Report

To view the Cost of Goods Sold report, follow these steps:

1. In QBO, navigate to Accounting > Chart of Accounts.
2. Then search for Cost of Goods Sold: 
   
3. Click “Run Report” to see the Cost of Goods Sold report: 
   

View the Profit & Loss Report

In QBO, navigate to Reports, then under the Standard tab, select “Profit and Loss”: 

Note: If COGS isn't showing up by default on your Profit and Loss Report, select the “Accrual” Accounting Method in the upper right, then click Run Report: