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  • Blog Post: How to calculate COGS on Account Schedules (The CPA Way)

    When a purchase of inventory is made, 4 accounts are hit: Inventory A/P Purchases Direct Cost Applied When the items are sold, 4 accounts are hit: Inventory A/R Sales COGS In this case, the COGS is automatically calculated and posted to your COGS account. The COGS posted by NAV is ALWAYS...