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York Signs
Level 2

Chart of Accounts

What is the difference between the account "Freight and Delivery" and "Shipping, Delivery Income" Is shipping and delivery income for the money you make if you mark up the postage and then "Freight and Delivery" Is the flat fee with no mark up?

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Best answer February 22, 2019

Best Answers
Regina_Lend_A_Hand_Accounting
Level 9

Chart of Accounts

One is an Income account and the other is most likely an Expense account, or a COGS expense account. Look at the account type in your chart of accounts to determine this. 

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Regina_Lend_A_Hand_Accounting
Level 9

Chart of Accounts

One is an Income account and the other is most likely an Expense account, or a COGS expense account. Look at the account type in your chart of accounts to determine this. 

View solution in original post

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