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	<title type="html"><![CDATA[FrontAccounting forum — Eliminating of COGS]]></title>
	<link rel="self" href="https://frontaccounting.com/punbb/extern.php?action=feed&amp;tid=1422&amp;type=atom" />
	<updated>2010-07-02T08:31:32Z</updated>
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	<id>https://frontaccounting.com/punbb/viewtopic.php?id=1422</id>
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			<title type="html"><![CDATA[Re: Eliminating of COGS]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=6366#p6366" />
			<content type="html"><![CDATA[<p>I&#039;m using FA for a service business (software) and simply point all refernces to COGS accounts and their counterparts to a suspense account, and allow negative inventory. It all seems to work fine.</p><p>Using item category you can define &#039;units&#039; for your invoices (For example, &#039;Period&#039; for maintenance services) and set up each service or product sold as a dummy item, whether this is for a software licence or implementation services. These then can drive the accounting entries to the relevamt accounts.</p><p>As yet, I haven&#039;t hit any real snags in its use for a service business.</p><p>We plan to use 3x copies of FA in different countries (with different base currencies) and consolidate in a single base currency.</p>]]></content>
			<author>
				<name><![CDATA[serisys]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=933</uri>
			</author>
			<updated>2010-07-02T08:31:32Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=6366#p6366</id>
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		<entry>
			<title type="html"><![CDATA[Eliminating of COGS]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=6364#p6364" />
			<content type="html"><![CDATA[<p>Hi,<br />I am a professional services provider. I have no Inventory nor Cost of Goods Sold. <br />How can I adjust the accounting package to suit my needs, for making a sale, when only services are sold?<br />It seems to me that the accounting is designed for merchandisers only.</p>]]></content>
			<author>
				<name><![CDATA[drchung]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=1300</uri>
			</author>
			<updated>2010-07-02T02:43:45Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=6364#p6364</id>
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