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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