3 years ago
Cost of good - double charging
my cost of goods is double charging me on P&L reports.
we import product into stock and sell it. there is a cost of goods sold that is allocated with each sale but it also comes up as cost of goods when i purchase stock. if i purchase $10k of stock in july there is a cost of goods on the P&L of $10k but then when i make a $15k sale in august for that stock it comes up as $10k COGS in august as well.
how do i correct this?