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.