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 go...
Forum Discussion
Hi diquip
Sounds like a settings issue. If you are using 'I Inventory' on the item, then a purchase should update the Inventory account balance, not the COGS account balance. Check the Profile tab of the Item. Things might be set incorrectly there. Typically a COGS account is 5-xxxx and Asset Acocunt is 1-xxxx.
There are some inventory related support notes on the Support area that might be helpful.
Regards
Gavin
