Dear Daniel,

could you solve the requirement cost of goods sold?

I hope so, because we have the same demand. (a lead with 2 companies. One in Austria and another one in US).

Maybe we can focus our capacity on the target together?

KR, Karl

Hi Karl

Unforturnately, this requirement remained unsolved for me.

The only resource I have so far is googling, and so far has not yielded any results on this issue.

We can chat on skype if you want:

https://join.skype.com/invite/TfdNuqHPnyWe

Rgs

Daniel

Hi Daniel,

I'm just the sales guy and don't have a deep knowledge of X3, but I try to grab our finance consultant and come back to you!

Rgs, Karl

Glad to share, not too deep myself. Good to learn from each other 

I would think this would be a standard setup for UK scenario, as it is in Malaysia. Would be a good idea if someone with experience in UK scenario can share. 

Hi,

this is an old post but I'm going to share my input anyway.

this is not possible in Anglo-saxon setup, and it is the correct way of doing accounting. your inventory and cost of goods are posted upon delivering the goods, and your AR and revenue recognized when you invoice.

possible scenarios (depending on your client):

- during sales delivery note, the journal generated would post to COGS but also recognize an accrual for sales revenue, which will be reversed wth the actual invoice

- maybe you dont really want to create a delivery and only want to create an invoice to do both COGS and revenue posting? this is possible in X3 if you check the 'stock movement' dropdown field on the invoice header to yes

hope this helps,

Mahmoud