| How
do I get an expense to show in Cost of Goods Sold? In Overhead?
The Profit
and Loss reports in Goldenseal accounting
software group
all expenses into either
Cost of Goods Sold, or Overhead.
- Cost of Goods Sold-- Items that you sell to customers,
or consume in projects.
- Overhead-- General expenses to run your business.
When it generates the P&L Reports, Goldenseal
looks at the Job Class field to decide where to apply each
expense.
- If the Job Class is Inventory, Customer or Project, the expense
goes to Cost of Goods Sold
- If the Job Class is Overhead, Equipment
or Real Estate,
the expense goes to Overhead
- If the Job Class is something else,
the expense goes to Cost of Goods Sold
If you'd like to change the way the P&L Reports handle a specific
expense, follow these steps:
- Open the Material
Purchase or other expense
transaction.
- Click on the Applies To popup field.
- Enter Cost of Goods Sold, to apply
the expense to Cost of Goods Sold, even if the Job
Class would put
it in Overhead. Or enter Overhead to apply the expense
to Overhead.
Click here to return to expense accounting topics.
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