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Sold service , how to write purchase invoice ?

Ali Baydoun's Profile

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 ?

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

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.

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