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Reports and accounting
you are confusing things in the P&L - for accrual
income shows 60 and cogs shows 35.46 and the bottom line is net profit
the a/p entry you are looking at in the detail of the cogs entry is the source of the expense, the bill. Had you written a check from your bank, it would say check, or credit card if that is how you paid for it.
a/p, your company debit is shown on the balance sheet
if you change the P&L basis to cash reporting, there will not be a COGS entry since the bill has not been paid. And if the invoice is not paid, there will be no income either.
income shows 60 and cogs shows 35.46 and the bottom line is net profit
the a/p entry you are looking at in the detail of the cogs entry is the source of the expense, the bill. Had you written a check from your bank, it would say check, or credit card if that is how you paid for it.
a/p, your company debit is shown on the balance sheet
if you change the P&L basis to cash reporting, there will not be a COGS entry since the bill has not been paid. And if the invoice is not paid, there will be no income either.