• Registered: 06/09/2013
  • Posts: 1

Topic: Cogs in service Items

Hi,
I'm testing FrontAccounting because I want to use it for my consultancy firm.
I'm providing financial services to third parties and I have difficulties to set up Cogs in the Item module.
Each time I'm issuing an invoice the postings are DR AR;   CR Revenues and CR Tax liabilities and no cogs associated.
How can I settle properly the Item master data in order to post CR Salary and DR COGS?

Thanks for your help!

  • Registered: 12/25/2007
  • Posts: 2,448

Re: Cogs in service Items

COGS account is credited on delivery, and not during invoice issue. If you need to change initial cost of some item you can do it using Standard Costs screen in Inventory module.
Janusz

3 Reply by apmuthu (edited by apmuthu 12/27/2014 02:24:21 am)

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,150

Re: Cogs in service Items

Should there be a Direct Service Invoice option FA to address this so that we need not have to make any "deliveries" for such things? Such a menu option can also have the list of items available for invoicing limited to service items and free form entries only.

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