rawnaq 0 Posted March 28, 2013 Report Share Posted March 28, 2013 Hi, Can anybody please help me how i could record Cost of sales........ The Income statement only shows the income not the COGS..... Please help... Thank you very much Shamzil Ramiz Link to post Share on other sites
ronselwell@gmail.com 0 Posted April 22, 2013 Report Share Posted April 22, 2013 HI Shamzil, I have the same problem. Also, would the sold item be deducted from the inventory? If I find an answer I'll post it. Please post the answer if you find the solution. Ron Link to post Share on other sites
silvacourses 0 Posted January 1, 2014 Report Share Posted January 1, 2014 For COGS - Cost of Good Sold: Go to Chart of Accounts, Add a New Account, Type = Expense, Sub-Class = Cost of Sales. Link to post Share on other sites
kalamataoliva 0 Posted February 24, 2014 Report Share Posted February 24, 2014 Hello all, I changed the General Products Purchased to sub-class = Cost of Sales. I have maintained the Items with Quantity / Cost Price / Sales Price and I am only getting the General Sales (income) journal entry and not the Cost of Sales (expense). Am I doing something wrong? Thank you. Perikles Link to post Share on other sites
Mohamedali 0 Posted March 4, 2014 Report Share Posted March 4, 2014 What are you doing are all right, but I think it is a fail in the software it self and it should be easy to resolved by the developers if they wish. Link to post Share on other sites
chelsea90 0 Posted February 17, 2015 Report Share Posted February 17, 2015 I am also having trouble! Has anyone found a solution yet? In my income statement, it does not show the purchase price of items, even though I have recorded them. Link to post Share on other sites
KarlD 0 Posted March 22, 2017 Report Share Posted March 22, 2017 Any news regarding this topic please? Link to post Share on other sites
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