Charge Items and COGs

[gdesigner]

My comany is a serivces provider,
It's jobs are of this kind: Supply and Installation .. So:

1- I want to post(load) the expences like ( Taxi , Parking , Photos , Phones bills .... etc) on the Cost Of Goods Sold .

I tried to use the Charges Items in the Inventory but when I read about it on the User Guide I found this items don't load on the COGs.

[Judy Nelson]

Since you are not selling inventory, why not post income as
Fees Income, and post all your expenses in expense accounts:
Auto expenses, etc... ? Do you sell supplies along with your
services for installation? If so, those supplies would be your
cogs. I hope that helps you. j

[gdesigner]

Thanks alot Judy

Regarding Ur question"Do you sell supplies along with your
services for installation?"
We sell site (including Supply of materials and installing them)
So description in our invoices is such: Supply and installation for site No: ####, with invoices we attach materials that were installed in the site.

If possible to help me more with this issue

George

[Judy Nelson]

Dear George, Thank you for responding. The
supplies you use in the installation process can
be entered in the Chart of Accounts as Supplies
and would be your cogs. You can also use the
inventory area of Peachtree to keep track of the
use of your supplies if that helps you. We sell
materials and supplies in our business also,
but I do not keep track of inventory by item.
When we do a job, I send an invoice like you do,
including their cost of the supplies plus the
cost of the labor. I hope this helps.

[gdesigner]

Dear Judy,

Please let me give u more info about our bussiness:

1-We are a service provider in wireless field, So our teams install Sites (Base stations), expenses like phone, taxi, acomudation and other similar are incured with the installation of every Site.

2-We sell site (including Supply of materials and installing them)
Our Sale Invoices are as follows:

Q Description ................................. UP ...... Val.
1 Supply&Installation of Site No. *** #### ####

We attach to each Invoice a Price List which includes: Item (Mat/Equipment), Unit Price (always fixed for each item, Qty (of mat/equipment installed, and total.

Invoice unite price always equals the Grand Total of Price List.

If possible to help me more with this issue, as I use Ptree for the first time.

and sorry for insisting so much

Thanks alot

[Judy Nelson]

Dear George, I see what you mean about your
invoices, but are not sure what sort of help
you are needing from me. If you can let me
know exactly what your questions are or maybe
what problems you are having, I will be glad
to try and help you any way I can.

[gdesigner]

Judy
Sory I know that I have disturbed u alot, Instead of this u worth alot of thanks.
In your first post you said "why not post income as
Fees Income?" can u tell me what is fees income? -perhaps my english doesn't help me so much- and How to post income as fees income?
Thanks alot

[gdesigner]

Dear Judy,

In a previeus answer u told me:"The supplies you use in the installation process can be entered in the Chart of Accounts as Supplies and would be your cogs". May you explain this to me more? I feel like this will rezolve my problem, as I dont need so much to track inventory items.

Thanks for your patience

[Judy Nelson]

Dear George, I will be glad to help you with
anything I can. I have been learning Peachtree
for a couple of years now and sometimes it can
be very difficult. How did you set up
your Chart of Accounts for your business?
What accounts did you use for your income and
supplies? If you set up a sample company on
Peachtree, just to practice (you can delete it
later on), and choose to use their sample charts
for accounts for all the different businesses,
it will give you an idea of what you can name
your individual accounts. You don't have to
use "Fees Income", I just used that as an
example. It can be just Services or anything
that you choose. It is your income. It can
be "Sales", "Fees", "Services", etc. When you
deposit your income for the work done, you will
debit your cash (checking account) account and
credit whatever your income account is. When
you pay for your supplies that you purchased for
resale, you will credit your cash account and
debit your supplies account. You will also
have to debit any other expenses you incur on
the jobs that you do. Even if you write one
check to pay for a number of different expenses,
you can "split" the expenses on the posting of
the check. That way Peachtree will keep track
of each expense for you all year. I hope this
helps, but if you are confused don't feel bad.
I am not really good at explaining myself on
these things. Let me know if I can further
confuse you. haha

[sinela]

Dear Judy

A very usefull information, and a great modest prof. even if I am a telecomm. eng. but really I've started to love accounting despite all dificulties of terms and issues.
Now I have to wake up little from "confuse" and I will inform you-with ur permission- what happenes

Thanks ALOT

[Judy Nelson]

No, thank you!! haha

[sinela]

I should like to send u more detail PLEASE; my e-mail is:
sinelaa@msn.com

I tried to send you by forum I couldn't

Thanks

[Judy Nelson]

To Sinela, I would be happy to help. Could you
just post your information here. Are you
associated with gdesigner? I am somewhat
confused. Thanks. j

[sinela]

Dear Judy
I am v.v.v. sorry for confussion- We are from same company.

Sorry again for confusing. posts were from both, mainly me.


thank you very much for help

Sinela