How to create COGS (Cost of Goods Sold) accounting entries in Peoplesoft Billing?
We have a requirement to create COGS (Cost of Goods Sold) accounting entries for each invoice line in Peoplesoft Billing. It should create journal entries (debit COGS Account and credit Inventory Account).
Please let us know which accounting entry types we have to use for COGS accounting entries while we are creating accounting entries for each invoice line.