more-arw search

Q&A Forum

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 ?


Topic Expert
Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO, |

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.


Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.