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General Accounting Discussions: Cost of goods sold

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    • CommentAuthorjake
    • CommentTimeJun 17th 2007
     
    I am a bookkeeper for an S-corporation which provides landscaping services. Business mileage for a part owner utilizing a vehicle that is NOT depreciated...would that mileage be considered a part of Cost of Goods sold or simply be considered Mileage Expense? If part of COGS ..what would be the entry?
    Thankful People: Abdu
    • CommentAuthorbandycpa
    • CommentTimeSep 19th 2007
     
    I would treat this as mileage expense. The mileage does not directly relate to the cost of the items (and related labor) you are selling.

    Hope this helps.


    Mike

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