When we sell an item the cost price should go to Cost of Goods Sold (COGS) Accoun. I'm not sure how to set this up in Odoo

Question

Hi all,
I want the following setup.
When we sell an item the cost price should go to Cost of Goods Sold (COGS)  Accoun. I'm not sure how to set this up in Odoo
Can Anyone guide me on this?
Regards,
Rahul

Rahul · Answer

Hello Mark,
Have a look at Anglo-Saxon Accounting module. https://apps.openerp.com/apps/modules/8.0/account_anglo_saxon/
Its working now for normal transactions like sales/purchase invoice  but for point of sales it doesn't seem to work.
Regards,
Rahul

Mark Jason de Paz · Answer

Hi Rahul! Same with me. We are also experiencing that problem in our financial reports. we have tried different ways of setup for Cost of Goods Sold but unfortunately we can't get it right. Journalizing in Odoo is really different in doing it manually. Odoo has the capability in creating financial reports that is why we must maximize it.

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