invoice, cost of goods sold, process payment question

Andrew Sackville-West andrew at farwestbilliards.com
Thu Mar 24 14:20:56 EST 2005


John Griessen wrote:

>
>
<chomp>

> Ultimately, I want a way to record COGS when a sales invoice is 
> created or a WIP assembly is made.
>
> Perhaps I will need to use other tools, but for now, I would like to 
> find some manual way to get my inventory back to zero on paper
> after occasionally owning some to do
> service jobs.  At the same time is when I imagine handling the higher 
> sell price
> for material even though I see no inventory item units in Gnucash, 
> just money units.  So far, I just see dropping using an account 
> Expenses:COGS and just working up a report that summarizes that idea 
> for a month.
>
>
Based on other replies I've seen, and what I think you're doing, your
best bet is to either manually enter a COGS expense after you've entered
the invoice, or do an end of month(or whatever period) inventory, and
enter and adjusting COGS transaction so that you match-up with physical
inv. at that point. good luck!

A



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