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SHC_0's avatar
SHC_0
Member
1 year ago
Solved

Cost of sales for service sales

Hi,

Can I please get help on how best to capture COGS for a service sale/business?

Thanks

  • DuncanS's avatar
    DuncanS
    1 month ago

    SHC_0​ Earl_HD​ 

     

    COGS is predominantly used for a Product Business.

     

    Use a Ledger Account beginning with 5.

    Use as much detail in the Account Name as possible.

     

    Duncan

2 Replies

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    1 month ago

    SHC_0​ Earl_HD​ 

     

    COGS is predominantly used for a Product Business.

     

    Use a Ledger Account beginning with 5.

    Use as much detail in the Account Name as possible.

     

    Duncan

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    1 year ago

    Hi SHC_0,

    Thanks for your post, and welcome to the Community Forum!

    My apologies for the late response. I would recommend on visiting this helpful article that will give you more information about: Cost of goods sold (COGS)

     

    Feel free to post again, we're happy to help!
    Regards,
    Earl

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