[GNC] Setting up a new accounting scheme in GnuCash

[Adrien Monteleone]

> On Aug 7, 2019, at 2:41 PM, Frank H. Ellenberger <frank.h.ellenberger at gmail.com> wrote:
> 
> 
> 
>>>>> 7 Kostpijs rekeningen                           (Cost price bills?)
>>> This is where I book my bikes if I buy them from my supplier during the year. It will raise my Assets I suppose.
>> 
>> These are the invoices from the supplier or the value of the bikes themselves? If the bikes, that would be inventory above, if the invoices, that would be Accounts Payable - a liability.
> 
> Not quite, while buying they increase VOORADEN, on sale they move to
> INKOOPWARDE VAN DE UMZET.

So Cost of Goods Sold? That would be an expense account. Curious that NL mixes purchases (inventory) with COGS rather than separating them out.

Regards,
Adrien