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PellMell
Level 1

Credit for Recycled Material

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!

Solved
Best answer January 14, 2021

Best Answers
Rustler
Level 15

Credit for Recycled Material

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

View solution in original post

3 Comments
Rustler
Level 15

Credit for Recycled Material

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

View solution in original post

PellMell
Level 1

Credit for Recycled Material

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

Jessica_young
QuickBooks Team

Credit for Recycled Material

Glad you got this worked out, @PellMell.

 

Please don't hesitate to reach out with any other questions you may have! 

 

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