Please how do I post sales invoice and get cost of sales to be automatically entered in profit and loss opener 7?
Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
- CRM
- e-Commerce
- Accounting
- Inventory
- PoS
- Project management
- MRP
This question has been flagged
1
Reply
2957
Views
Henry, Cost of Sales = Opening Stock + Purchased Stock - Closing Stock. You will have to set the stock input and output account to get the valuation. Also some form of stock journal will be required for the values to be posted.
This may help you:
http://www.futureaccountant.com/final-accounts-financial-accounting/study-notes/closing-opening-stock-valuation-trading-account.php#.VrHLqPHmFE4
Enjoying the discussion? Don't just read, join in!
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up