Hi all,
Quick question. Running a simple online store, copying over basic sales details to QF for accounting, and recording all purchases and expenses in QF.
Carriage from supplier to me is covered under carriage which is cost of sales. I charge customers a shipping fee which goes under Distribution and Carriage which is a sales account. I pay my courier for sending to customers, which goes under postage and carriage, which is an expense account.
QF has a packaging account, but this is under cost of sales so I assume it is for packaging products for resale. I’m pretty sure that postage tubes/padded envelopes for shipping shouldn’t be considered cost of sales, but please correct me if I’m wrong. If I’m right, which account should I post theses costs to?
Thanks!