question about income account when a sale occurs
John Griessen
john_g at cibolo.com
Sun Feb 13 03:54:21 EST 2005
Hello,
I mostly do service, and sometimes inventory materials and sell them. I use
hand written invoices often and wish to skip using a gnucash invoice on many
simple sales of service and materials, so I create two transactions when I buy
material, first I transfer from asset:checking to COGS, then transfer from COGS
to asset:inventory. When I receive a payment for that invoice, I am creating a
split transaction with portions allocated to income:services and income:sales.
This is where I am confused... I want to decrease inventory, so I make a
trasaction transfer from asset:inventory to asset:checking in the amount of a
sale, but how to have account income:sales increase just as income:services does?
John Griessen
engineer, contractor, self employer
Austin TX
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