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Invoice

ELKM
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I did an invoice and the GL account is set at #40600.  When I post the invoice it is showing up under total revenues which would be correct, but then the same transaction is showing up under account #50500 total cost of sales.  Any idea why this is showing up under both accounts?  GL 50500 has never been used.  Any help would be appreciated.

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    Suggested

    Elkm

    If you sold an Inventory item, that may be correct.  When entering inventory in the system, the cost is entered into an asset account.  When you sell the item, it is now  moved to the  cost of the goods sold account. On the invoice at the top of the page click on JOURNAL.  It will show you what accounts were used in the posting. 

    Kind regards, 

    Shirley Byard, Sage 50 Certified Consultant. 

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  • 0
    Suggested

    Elkm

    If you sold an Inventory item, that may be correct.  When entering inventory in the system, the cost is entered into an asset account.  When you sell the item, it is now  moved to the  cost of the goods sold account. On the invoice at the top of the page click on JOURNAL.  It will show you what accounts were used in the posting. 

    Kind regards, 

    Shirley Byard, Sage 50 Certified Consultant. 

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