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PellMell
Jan 13, 2021 4:57 PM UTC
Solved

Credit for Recycled Material

I'm in metal fabrication and received a recycling check for defective material we recycled. Would it be correct to make it a credit to COGS as opposed to a sale?

 

Thanks in advance!

Rustler
RustlerAnswer
Jan 14, 2021 1:46 PM UTC

Either create an income account called recycle or use Other Income, I would use Other Income my self

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3 replies

Rustler
RustlerAnswer
Jan 14, 2021 1:46 PM UTC

Either create an income account called recycle or use Other Income, I would use Other Income my self

PellMellAuthor
Jan 14, 2021 5:26 PM UTC

Ahh that makes sense. Thanks for the reply and input, I really appreciate it. 

Jessica_young
Jessica_young
Jan 14, 2021 5:34 PM UTC

Glad you got this worked out, @PellMell.

 

Please don't hesitate to reach out with any other questions you may have! 

 

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