Re: [GNC] Another Beginner Accounting Question

2021-12-24 Thread Adrien Monteleone
Like Michael, I'm not quite certain what you have going on here. It sounds like a consignment type operation. I too don't think you need to consider the difference as a 'loss' or 'expense'. It is their margin, not yours. But perhaps I am not understanding your situation properly. As for having

Re: [GNC] Another Beginner Accounting Question

2021-12-22 Thread Jesse MacDougall
Just add the total amount of AR that is owed to you from the customer. KISS (keep it simple sally) On Wed., Dec. 22, 2021, 03:21 Patrick Skelton, wrote: > Hi, > > Just when I was thinking I had accumulated all the pieces of the jigsaw I > need, I discovered the A/R account. > > I have a shop tha

Re: [GNC] Another Beginner Accounting Question

2021-12-22 Thread Michael or Penny Novack
On 12/22/2021 6:20 AM, Patrick Skelton wrote: Just when I was thinking I had accumulated all the pieces of the jigsaw I need, I discovered the A/R account. I have a shop that charges 50% margin on whatever they sell. So, if they sell one candle for £12 then I will invoice them only for £6. They