Newbi issue - Printable Version +- webERP Forum (http://www.weberp.org/forum) +-- Forum: webERP Discussion (http://www.weberp.org/forum/forumdisplay.php?fid=1) +--- Forum: How To ? (http://www.weberp.org/forum/forumdisplay.php?fid=6) +--- Thread: Newbi issue (/showthread.php?tid=511) |
Newbi issue - avocado - 01-03-2013 Can anyone help me , or point to me how and when "cost of goods sold" is used? I have a restaurant business, so items purchased are not the same as items sold, yet I find cost-of-goods-sold with some data in it in trial balance. is that normal or a mis-configuration? RE: Newbi issue - phil - 01-04-2013 Every time any item is sold - and the stock is integrated to the GL - there is a GL journal between COGS and stock. THe COGS - cost of goods sold - GL account is determined from the COGS GL Postings setup table. In a restaurant, if items are defined as normal stock items, these postings will be created unless you defne your food as service or dummy items. |