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January 13, 2021
Solved

Credit for Recycled Material

  • January 13, 2021
  • 1 reply
  • 5 views

I'm in metal fabrication and received a recycling check for defective material we recycled. Would it be correct to make it a credit to COGS as opposed to a sale?

 

Thanks in advance!

Best answer by Rustler

Either create an income account called recycle or use Other Income, I would use Other Income my self

1 reply

Rustler
RustlerAnswer
Level 15
January 14, 2021

Either create an income account called recycle or use Other Income, I would use Other Income my self

PellMellAuthor
January 14, 2021

Ahh that makes sense. Thanks for the reply and input, I really appreciate it. 

Jessica_young
Level 4
January 14, 2021

Glad you got this worked out, @PellMell.

 

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