Where to Put Cost of Goods Sold COGS
Andrew Sackville-West
andrew at swclan.homelinux.org
Fri Feb 1 03:13:08 EST 2008
On Thu, Jan 31, 2008 at 01:04:53PM -0800, UrrrGrrr wrote:
>
> Hi. Where do I put my COGs account when setting up my company's accounts? And
> how do I set it up?
>
> I understand that it is an expense account, but it doesn't belong under the
> other "Expenses" account because it is not a standard operating expense.
mine is it's own separate top-level account tree.
COGS
|-Food
|-Beverage
|-Beer
|-Wine
...
Operating Expenses
|-Admin
|-Direct Operating
....
I also run Payroll on it's own tree as well, though I don't really
know why.
A
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