Topic: Cost Of Service in FA 2.4.6 only after Sales Invoice posting
One question, don't know if this is approriate to handle transaction, look for advice more better solution
We have direct cost for the goods sold is:
- delivery cost
- import tax
- custom and clearance
and for the service we do in eventually for subcontractor for labour for installation,
We want to have costing this for the same like COGS (Cost Of Goods Sold), so it perhaps likely Cost of Service.
if we added item with "Service", and change COGS Account to Advance Cost (new COA with type of Activa), so only shown in Balance Sheet.
Journal will posting (testing posting in FA):
Invoice Supplier :
Cost Advance (D)
Account Payable (K)
Payment to Supplier:
Account Payable (D)
after invoicing to customer, we will create journal entry to move costing manually:
Cost of Service (kind like COGS for services) (D)
Cost Advance (K)
so the cost will move to Income Statement.
but this way, in our report stock will show correctly, but the problem is that we need manually tracking which item that we need move manualy monthly will depend on posting for invoice tp customer, after all goods and all related service delivered.