Question about how to categorize line item on invoice.

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Hi Everyone,

We just started running a business providing space as a service for people to do biotech work. Part of this includes us handling procurement for the members, eg, sourcing/buying chemicals, consumables, etc. We centralise purchasing so that we can take advantage of bulk discounts with suppliers and then pass on the savings to our members.

I was curious how to actually categorize those types of purchases on the invoice to members when they pay us for the goods we get in for them. Would it be "Cost of Goods Sold"? Thank you!

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SciencePeddler

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Posted: 2 years ago
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