Cost of Goods sold on Profit and Loss report

Can someone please help with this, we need to be able to show our cost of goods sold in the profit and loss report under accounts; now when we make purchases through the purchase order cycle; we do not get entries in the profit and loss report; we only get entries when we use the stock entry and capture incoming costs.

If our expense account for the point of sale profiles and default expense accounts for stocks are set to cost of goods sold; will this solve our problem? For now we get Stock Expense and Cost of Goods doesnt get featured neither do we see an entry for expenses made through Purchase order cycle.

Thank you.


Just checked Profit and Loss statement and learnt that Cost of Goods Sold account is appearing in the report.

If you wish to book expense on purchase itself, you should switch to periodic inventory valuation system in your ERPNext account.

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