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Configuration for COGS (Cost of goods sold)

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548
on 7/15/15, 4:57 PM 1,090 views

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

1

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.


0
Usman Farzand
On 10/30/17, 8:18 AM

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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Asked: 7/15/15, 4:57 PM
Seen: 1090 times
Last updated: 10/30/17, 8:18 AM