video1.0<iframe src="https://www.loom.com/embed/3848c801551b4773ba91b5abe7f8ee8f" frameborder="0" width="1818" height="1363" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>13631818Loomhttps://www.loom.com13631818https://cdn.loom.com/sessions/thumbnails/3848c801551b4773ba91b5abe7f8ee8f-bd3c68e10b431335.gif396.407This Loom explains how Boatyard manages costs of goods sold for parts in QuickBooks. It describes how Yard creates purchase orders in QuickBooks, which are converted into bills only after the vendor bills you, then posts the parts cost to the BY Parts Clearing Account as a holding account. When parts are sold via an invoice, payment, or retail sale, Boatyard automatically creates a journal entry to move the cost from the clearing account to the selected Cost of Goods Sold account in Boatyard settings. It also notes you may override the holding account using the Parts Purchase Account setting, but the chosen account must be categorized as Cost of Goods Sold, and the BY Parts Clearing account should not be deleted.