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Can any one tell how to configure COGS and show in Chart of accounts

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good answer by @Anjana.

after creating this Cost of Goods Sold head you need to configure it,

go to product category------>and in expense account change expense to cost of good sold head.

and import thing is put cost price of product before it.

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Yes for trading buisness need to configure this way.

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Hi,

Just  click on chart of accounts, create a unique code->put name as cost of goods sold->and type as cost of revenue and the currency should be INR.

Click on save and its done.


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