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The cost of goods sold (CGS) is posted to G/L after the sales transactions. The transaction is performed after goods sold are posted. In other words, the Cost Of Goods Sold cannot be posted to G/L before the sales invoice is posted to G/L. The Journal Slip generated as a result of this transaction contains the cost of the material.
Generating CGS G/L Slips
The cost of goods sold G/L slips are generated using two methods.
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Batch CGS generation conditions are specified on the filter lines. The filter options are:
Filter | Value |
|---|---|
Date Range | Start / End |
Organizational Unit | Group / Range |
Warehouse | Group / Range |
Invoice Number | Group / Range |
Invoice Aux. Code | Group / Range |
Invoice Authorization Code | Group / Range |
Invoice Type | Retail Sales Return Invoice / Wholesale Return Invoice / Retail Sales Invoice / Wholesale Invoice |
Run Cost Maintenance First | Yes / No |
Type of Journal Entry for CGS | Current Costs / Costs of Differences |
Account Plan | Main Chart of Accounts / Second Chart of Accounts / Third Chart of Accounts / Consolidated Main Chart of Accounts / Consolidated Second Chart of Accounts / Consolidated Third Chart of Accounts |
Costs are generated according to the selection made on the CGS Generation filter line.
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