GL Cost acct not being debited

[BizTech]

Hi All,

I'm not an accountant, just a computer guy running his business. I have an item in Peachtree I use when I buy & sell hardware, since I don't normally keep anything in inventory. It is setup as a non-stock item. When I run my Income Statement report, the sales are properly reported, but nothing shows up under Cost of Sales.

Any ideas?

Thanks!

[rick Prindivill]

On the Purchase screen, you may not have entered the proper GL account (COGS) for the line items cost value to be charged to.

[BizTech]

Thanks for replying.

I setup the item with the following accounts:

GL Sales Account: 41400 Sales - Other inventory
GL Salary/Wages Account: 12400 Other Inventory
GL Cost of Sales Account: 54000 Cost of Sales - Other Inventory

After further investigation, do I need to set the Salary/Wages Account to an Expense account rather than an inventory account since this is a non-stock item?