ahar3
Feb 20, 2008, 09:33 AM
Looking for a way to record Internal Sales.
The wholesale business is selling to the retail business at a profit who in turn is selling to the consumer. How do I show Profits, Inventory movements and COGS without overstating or understating my consolidated accounts. Inventory is only recorded at the Wholesale business. Stock received at the retail shop is recorded as COGS. Any suggestions are very much appreciated. Thanks.
The wholesale business is selling to the retail business at a profit who in turn is selling to the consumer. How do I show Profits, Inventory movements and COGS without overstating or understating my consolidated accounts. Inventory is only recorded at the Wholesale business. Stock received at the retail shop is recorded as COGS. Any suggestions are very much appreciated. Thanks.