COGS when Inventory not tracked

[Brucanna]

@tec

just a matter of knowing how to do it.

Go to Settings - Chart of Accounts and all the tools are there and read this Guide

Set up chart of accounts

When setting up a new accounting system, usually you start with the Chart of accounts. But what is the Chart of Accounts? Definition on the Internet says: The chart of accounts is a listing of all accounts used in the general ledger of an organization. What does this even mean? Well, let’s look at a sample balance sheet which is a key financial statement that will be required for your business: [image] A balance sheet is a report of the assets and liabilities of a business. Every asset o…