From: Phil R. <ph...@bu...> - 2006-11-06 23:34:09
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Hi there, I have the following account to keep track of expenses in our cafe that are goods purchased for resale: 5009 - Cafe Supplies for Resale AP_amount,IC_expense,IC_cogs Everything is normally done through AP transactions, with corresponding sales put through a separate "4001 - Cafe Sales" account that is configured as AR_amount, IC_income, and IC_sale. Do I need to have a COGS account in this case? Is it safe for me to remove the IC_cogs from the account? I have asked my accountant for advice but unfortunately they can't give me advice on how to configure SL Ledger ;( I would appreciate any assistance anyone can provide.. Regards Phil |