Re: [GNC] quandary with proper entries for cost-of-goods-sold and inventory

2023-06-18 Thread Fred Bone
On 17 June 2023 at 15:28, Stan Brown said: [...] > One important point: If you receive messages in a digest, you'll also > need to (a) edit the subject line, by copy/pasting the subject of the > individual message you're referring to, and (b) Delete all the text of all > the messages you're

Re: [GNC] quandary with proper entries for cost-of-goods-sold and inventory

2023-06-17 Thread Stan Brown
Welcome to GnuCash, Eric! I can't respond to your accounting question, but here are some pointers for your mailing-list questions. On 2023-06-17 11:50, Eric Hammond wrote: > First, what is the proper way to reply / request to this email sequence? You managed to do it right in the end. It looks

Re: [GNC] quandary with proper entries for cost-of-goods-sold and inventory

2023-06-17 Thread john
I don't think Michaels explanation is very clear, but he's right that you're not thinking of this right. Purchasing the widget is an asset transfer, so you DR inventory and CR what ever account sources the funds. That would be Accounts Payable if you're doing accrual accounting or a bank or

Re: [GNC] quandary with proper entries for cost-of-goods-sold and inventory

2023-06-17 Thread R Losey
To discuss the first part, you post to gnucash-user@gnucash.org (as you did). I'm using Google's gmail web interface, and if I just hit "Reply", it goes to you instead of to this list. I have to use the "Reply to all" to make sure it goes to the list (I don't have a "Reply to list" option). Other

Re: [GNC] quandary with proper entries for cost-of-goods-sold and inventory

2023-06-17 Thread Michael or Penny Novack
You are expecting the cost of goods sold at the wrong time. It is unrelated to when the goods are obtained (added to inventory) To perhaps make this easier for you to see, we'll use an example from one of "my" org as "organizations which had tee shirts, both sold to supporters AND given to

Re: [GNC] quandary with proper entries for cost-of-goods-sold and inventory

2023-06-17 Thread Eric Hammond
First, what is the proper way to reply / request to this email sequence? I follow the instructions at the end: "Please remember to CC this list on all your replies." "You can do this by using Reply-To-List or Reply-All." But only end up with "gnucash-u...@gnucassh.org" and get