# The purchased cost is not calculated in the profit or loss statement **URL:** \ **Category:** Uncategorized\ **Created:** [May 11, 2025, 11:48am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526 "2025-05-11T11:48:43Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![Vinoth\_Subramaniam](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/vinoth_subramaniam/32/56035_2.png) [@Vinoth\_Subramaniam](https://forum.manager.io/u/Vinoth_Subramaniam)\ **Post date:** [May 11, 2025, 11:48am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/1 "2025-05-11T11:48:43Z")
Someone help me. I buy and sell items on the same day. I purchase same items with some supplier and sell it to few customers. I knew there is non-inventory items to use for my business but i prefer inventory to keep track the items i sold to whom. i enter the purchase price in the purchase invoice and the selling price in the sales invoice. but, i the profit and loss statement, i noticed that the inventory sales took the sales price, but for the expense, it is not showing the purchase price. even the balance sheet shows my retained earning is too high. can someone help me? ![12](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/8/b/8bf46fcb2ad98d480c718f9dd5ab3c4a11971e3a.png) suppose the inventory cost should take my purchase price. isnt? or am i wrong? if im wrong, how to make it correct to show the purchase price in the expense? ---
**Author:** ![Mabaega](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/mabaega/32/47471_2.png) [@Mabaega](https://forum.manager.io/u/Mabaega)\ **Post date:** [May 12, 2025, 3:22am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/2 "2025-05-12T03:22:02Z")
> [@Vinoth\_Subramaniam](#): > > how to make it correct to show the purchase price in the expense? Try _Inventory cost correction_ through the **Recalculate** button on the **Inventory Tab**. ![image](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/7/1/7145f73f4cb03240bc52dec477348dfcbb81f146.png) ---
**Author:** ![Vinoth\_Subramaniam](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/vinoth_subramaniam/32/56035_2.png) [@Vinoth\_Subramaniam](https://forum.manager.io/u/Vinoth_Subramaniam)\ **Post date:** [May 12, 2025, 5:56am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/3 "2025-05-12T05:56:05Z")
I tried it. But still cant. i want to know why my purchase items unit price is not showing in the PnL? How to make sure the purchase invoice amount as expense in the PnL? ---
**Author:** ![Joe91](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/joe91/32/35781_2.png) [@Joe91](https://forum.manager.io/u/Joe91)\ **Post date:** [May 12, 2025, 7:33am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/4 "2025-05-12T07:33:02Z")
The purchase cost of an inventory item shows up as an asset not as an expense. When you sell an inventory item the cost is deducted from the asset account and transferred to the cost of sales account Please show the full edit screen of the Sales Invoice and of the Purchase Invoice ---
**Author:** ![Vinoth\_Subramaniam](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/vinoth_subramaniam/32/56035_2.png) [@Vinoth\_Subramaniam](https://forum.manager.io/u/Vinoth_Subramaniam)\ **Post date:** [May 12, 2025, 7:52am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/5 "2025-05-12T07:52:55Z")
I want to ask that only i clear all inventory on hand or sell all items in the inventory, at the end of month, it will show the purchase price as expense? because i tried just now that i made sell all items for the month january, the inventory cost now shows correctly. for the month february, i have some items in the inventory, the inventory cost shows not equal what i expected. try to click the google doc below as im new user, i cant attack more than 1 file. [Edited to remove external link.] ---
**Author:** ![Vinoth\_Subramaniam](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/vinoth_subramaniam/32/56035_2.png) [@Vinoth\_Subramaniam](https://forum.manager.io/u/Vinoth_Subramaniam)\ **Post date:** [May 12, 2025, 8:07am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/6 "2025-05-12T08:07:59Z")
I explain my business here. I buy vegetable from different supplier at different price and sell it to different customer at different price and i wont hold any inventory at the end of the day. So, i can’t choose non-inventory because it doesn’t let me click the inventory item like click a vegetable and see the sales and purchase of it. So, it would be better if i do it in inventory item to track to whom i sell and which price. i can easily track the items from which supplier i bought. I want like when i buy items from supplier i key in the price, it should reflect in the expense as COGS. when i sell in the sales invoice, it should reflect in income as sales. can you guide me on that. ---
**Author:** ![Joe91](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/joe91/32/35781_2.png) [@Joe91](https://forum.manager.io/u/Joe91)\ **Post date:** [May 12, 2025, 8:51am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/7 "2025-05-12T08:51:16Z")
You need to upload the images to the forum I am not clicking on an external link - it could be a malicious link ---
**Author:** ![Vinoth\_Subramaniam](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/vinoth_subramaniam/32/56035_2.png) [@Vinoth\_Subramaniam](https://forum.manager.io/u/Vinoth_Subramaniam)\ **Post date:** [May 12, 2025, 9:28am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/8 "2025-05-12T09:28:44Z")
sure sure.i dont no about that. sorry. ![Screenshot 2025-05-12 155354](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/3/f/3f78f027e0b9321dcfab05beb98addfd8882f6cd.png) ![Screenshot 2025-05-12 155412](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/f/c/fc5b95d0bfb49a40e876faed5ed25b41b146e810.png) ---
**Author:** ![Joe91](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/joe91/32/35781_2.png) [@Joe91](https://forum.manager.io/u/Joe91)\ **Post date:** [May 12, 2025, 4:26pm UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/9 "2025-05-12T16:26:58Z")
See this guide [Inventory Cost Correction | Manager.io](https://www.manager.io/guides/inventory-cost-correction) Also unless you are using Goods Received Notes and Delivery Notes you should have the Act as Goods Receipts and Act as a Delivery Note ticked on your Purchase and Sales Invoices respectively ---
**Author:** ![Vinoth\_Subramaniam](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/vinoth_subramaniam/32/56035_2.png) [@Vinoth\_Subramaniam](https://forum.manager.io/u/Vinoth_Subramaniam)\ **Post date:** [May 13, 2025, 6:20am UTC](https://forum.manager.io/t/the-purchased-cost-is-not-calculated-in-the-profit-or-loss-statement/62526/10 "2025-05-13T06:20:39Z")
I use just the purchase invoice to record purchase, sales invoice, cn and dn. other functions im not using.