In the Vendor Bill or Purchases Journal, we see the COGS as the default account.
Is it correct ?
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If I change to a new Expense/Purchase account , how will that impact my COGS account ?
Why Odoo is defaulting this to a COGS account ?
Hello lalravnapos,
I hope you are doing well
No. COGS is for sales.
Fix: Go to Product Category → Account Properties and make sure the Expense Account is set to a proper purchase/expense account, not COGS.
I hope you are doing well
No. COGS is for sales.
Fix: Go to Product Category → Account Properties and make sure the Expense Account is set to a proper purchase/expense account, not COGS.
I hope this information helps you
Thanks & Regards,
Kunjan Patel
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Hello,
Changing expense account: No impact on COGS if using perpetual valuation — purchases post to Stock Input, COGS only triggers on delivery. Why COGS default: Odoo assumes perpetual (Anglo-Saxon) accounting where this field is used at sale time, not purchase time.
hope it helps.