Accounting/Bookkeeping Question

[Roderick A. A. <raa...@ti...>]

I think I've asked this before but now I have a better understanding
after taking a elementary bookkeeping class and hope it will really sink
in this time.

I produce and ship CD's to North American customers for a German
company.  Sometimes the customer prefers sending me the total cost.  
Since I don't want to report the whole amount as income (I only charge a
portion of the cost for production, shipping and handling) I've created
a Liability account for these payments.

   Should I have a part/inventory item thingy? 

   When I create an invoice for the CDs shipped I'm wondering how do I
post the credit for the CDs I got paid the whole amount for?

This making sense?


TIA,
Rod
-- 
                      Let Accuracy Triumph Over Victory

                                                       Zetetic Institute
                                                        "David's Sling"
                                                         Marc Stiegler