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Sample Chart of Accounts for Sales
| Income | Income | Description |
|---|---|---|
| Sales | Sales | This account roles up all of the sales income accounts. |
| Sales Total | This account contains the total flower sales for the company. Entry goes in as credit. | |
Sales - Credits and Returns | All customer credits are posted as a negative value under this account. Entry goes in as debit. | |
| Sales - Customer Discounts | All customer discounts are posted as a negative value under this account. Entry goes in as debit. |
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There is no need to post to the COGS account since this information is entered with the vendor invoices.