Re: [GNC] Business Income Statement: manipulating Cost of Goods sold (Eric Chapman)

2023-12-09 Thread Stan Brown (using GC 4.14)
On 2023-12-09 07:30, Chris Skudder wrote: > I'd suggest *NUMBERING* the expense accounts - the field is called > "Account Code." > Get to it by editing the account, in the account tab. > Number the accounts in the sequence in which you want to see them. > Most often, accounts are numbered in

Re: [GNC] Business Income Statement: manipulating Cost of Goods sold

2023-12-09 Thread Adrien Monteleone
My first exposure to Income Statements (dubbed P in this case) was in the restaurant industry. Many of those businesses also put COGS as a 'top line' expense. But note, it was never part of the Income section. The organization was something like: Revenue Gross Sales Discounts &

Re: [GNC] Business Income Statement: manipulating Cost of Goods sold (Eric Chapman)

2023-12-09 Thread Chris Skudder
ue 24 Today's Topics: 1. Business Income Statement: manipulating Cost of Goods sold (Eric Chapman) -- Message: 1 Date: Fri, 8 Dec 2023 14:57:25 -0500 From: Eric Chapman To: GNUcash User List Subject: [GNC] Business Income Stat

[GNC] Business Income Statement: manipulating Cost of Goods sold

2023-12-09 Thread Eric Chapman
Thank you, Adrien. I knew it was a presentation issue, and was trying to figure out how to present it correctly and yet be able to use GnuCash as I *wanted* to :) I also realize the importance of the inventory accounts and the theory behind this. I just know that the amounts and number of

Re: [GNC] Business Income Statement: manipulating Cost of Goods sold

2023-12-08 Thread Adrien Monteleone
Cost of Goods Sold (COGS) is an Expense account, not Income. What you are looking for is a different type of Income Statement that does not exist in GnuCash. (the basic math is the same, you just are looking for a 'Net Sales' figure by moving COGS to the upper part of the report. This is