Kindly assist with the following. We run a convenience store wherein we also sell bags of ice-cubes. We produce the icecubes in-house. My question is how must I bring the "cost of sales" into our books. We are VAT registered and charge VAT when we sell the bags. At the moment its only the selling part at the POS thats recognised hence, having negative stock values on the system.
Many Thanks for your assistance!