Joe, Thanks for replying and I'm sure you know a lot than me on FA, but I think you should try the above case and see if what I found with the test case above mentioned.
2 10/27/2014 01:49:56 pm
Re: COGS for Services (6 replies, posted in Items and Inventory)
Hi Joe,
I tried few cases in between now.
Found that it works with when the COGS for a service is mapped to the account items under "Cost of Goods Sold" account group. But
when mapped to any other expense Account groups say "Wages and Salaries", it doesnt work. I suspect there is some hardcoding done in the core or possibly the GL report query is omitting that. Can you check this case please
3 10/27/2014 11:10:59 am
Topic: COGS for Services (6 replies, posted in Items and Inventory)
Hi All,
A newbie in FA and one in Accounting domain as well. I have a case I'm trying to find a solution for. It goes as below
1. Add an item as a sevice
2. Assigned Category and Item Type as "Services"
3. Assigned Sales Account and COGS Account as "Wages and Salaries" (This is for a consulting services)
4. Added Sales Pricing and Standard Cost
5. Created a sales order for this services and made a delivery
As per my understanding, the Sales Account should be updated with Sales Pricing and COGS Account with Standard Cost. In my case, I can see the "Sales Account" getting updated but not the COGS Account.
Can someone help here ? Its a little urgent.