First, what is the proper way to reply / request to this email sequence?
I follow the instructions at the end:
"Please remember to CC this list on all your replies."
"You can do this by using Reply-To-List or Reply-All."
But only end up with "gnucash-u...@gnucassh.org" and get mildly chastised for
not replying properly.
My tax accountant needed me to supply cost of goods sold, "COGS", but I have
not figured out how to do this
Current sequence:
I schedule a visit with the client, and determine the likely need for a widget
of some type.
I purchase it ahead, and document with a Purchase order. At some point I
receive it and log it into Inventory.
Original attempt:
Item Acct Dr Cr
-------------------------------------------------------
Widget Payables $10
Inventory $10
--------------------------------------------------------
Payment Bank $10
Payables $10
Clean, but no COGS entry. My best attempt is this:
Item Acct Dr Cr
-------------------------------------------------------
Widget Payables $10
COGS $10
--------------------------------------------------------
Payment Bank $10
Payables $10
And when I get the part from vendor:
Item Acct Dr Cr
-------------------------------------------------------
Widget Purchases $10
Inventory $10
I am ok with the extra step, but what kind of account is Purchases?
Is this even proper accounting?
Thank you!
Eric
------------------------------
Subject: Digest Footer
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End of gnucash-user Digest, Vol 243, Issue 24
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