i'm a retailer of watches , i sent a watch a customer gave me to the factory for repair and i paid the factory 100 $ . and the customer did pay me back the 100$ how shall i add this to my journal entry and how to export it . ? thanks beforehand . shall i write the purchase invoice as an expense or purchase of goods ?
Sold service , how to write purchase invoice ?
Answers
The invoice to the customer is revenue.
The invoice from the factory is a cost of good sold
In this case the profit is zero.
You need to hire a competent bookkeeper, this is not the venue.