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York Signs
February 22, 2019
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Chart of Accounts

  • February 22, 2019
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What is the difference between the account "Freight and Delivery" and "Shipping, Delivery Income" Is shipping and delivery income for the money you make if you mark up the postage and then "Freight and Delivery" Is the flat fee with no mark up?

Best answer by Regina_Lend_A_Hand_Accounting

One is an Income account and the other is most likely an Expense account, or a COGS expense account. Look at the account type in your chart of accounts to determine this. 

1 reply

Regina_Lend_A_Hand_Accounting
Regina_Lend_A_Hand_AccountingAnswer
February 22, 2019

One is an Income account and the other is most likely an Expense account, or a COGS expense account. Look at the account type in your chart of accounts to determine this. 

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