QuickBooks Online: Invalid Expense Account for Inventory Item Error 

Problem

Invalid account type: For an inventory product, the expense account must have Account Type: 'Cost of Goods Sold' 

Resolution

The type of Expense Account specified for the product has an invalid type that is not accepted by QuickBooks. 

  • Make sure that the expense account specified for the item in QuickBooks has a type “Cost of Goods Sold” 
  • 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 product manually there. Then specify the same account in BMS. 
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