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Showing results for tags 'COGS'.
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Dear Admin, could you tell me please, that Express Accounts have perpetual Inventory System and how to record in journal. I am facing problem to calculate Cost of Goods Sold in Income statement. Right now I m calculating COGS on each invoice and then making manual journal entry. Thanks
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Hello all, have you been able to automatically allocate the COGS as an expense in order to be balanced against the inventory? Within the 'Item' Express Accounts configuration, there is a Cost and Expense option. If EA does not support that, how are you managing to reduce the Inventory value overtime? Thank you for looking into this! Perikles
