General Ledger Concepts

Determining the Cost of Goods Sold

There are several ways to determine the cost of goods sold. If you use one of these, you must manually post the cost of goods sold.

Using the Sales Analysis Recap Report

Using the Inventory Extended Dollars Report

Using the Purchasing Account

Using the Sales Analysis Recap and Inventory Extended Dollars Reports

Note: For details on creating a cost of goods sold batch, so the information automatically flows to G/L, see Building the Cost of Goods Sold Batch Report.