Re: [SL] COGS

[Mike M. <mi...@dr...>]

Hi Danny,

On Mon, 2004-09-20 at 01:20, Danny Brow wrote:
> To better explain this I will give you all the details.
> 
<snip>
> All I wanted was to see if any one else was having the same issues as I.
> If you got a minute and you've sold stuff in a prior year and bought the
> product in the year after it was sold, do an income statement and then a
> trial balance and see if your COG shows up the same on both. And let me
> know. 

Unfortunately I cannot comment as to the requirements of your local tax
laws, in New Zealand, we would treat the above senario as "Income in
Advance", as you have not actually earnt the income until the goods are
supplied (being in the next financial year).

>From my perpective the issue seems to be one of an accounting
methodology rather than an issue with SQL-Ledger.

I hope that helps shed some light

Regards
Mike