How to get debit to COGS and credit to "inventory" account for 3rd party services be included in REV and A/R g/l transaction

(0) Share

Report

Posted on by mjo

Other than doing this manually or having GP track sales inventory for non-inventory item, is there an alternative automated way to end up with this G/L entry?

112-000-1100-00 A/R $1,000

112-000-4260-00 Sales $1,000

112-000-1390-00 Subcontracted Services $500

112-000-5100-00 Labor $500

*This post is locked for comments

I have the same question (0)

All responses (1)

Answers (0)

Suggested answer

Frank Hamelly | MVP... 46,625 Super User 2025 Season 2 on at

Like (0)

Report

GP doesn't track inventory for Services, Misc Charge, or Flat Fee item types. You can use one of these item types. Another option is to set your Posting Accounts to come from the Customer card in Sales Order Processing setup. Then set these accounts at the Customer or Customer Class level and roll them down to your Customers. A third option would be to remove the accounts from the item card and customer card altogether and have them default from Posting Accounts setup, although this would limit you to one set of accounts for all items/customers.

Was this reply helpful? Yes No