When you have inventory, it’d go something like this:
2023-01-01 Buying inventory
Assets:Inventory 20 widgets @ $50.00
Assets:Checking $-1,000.00
2023-01-15 Selling widgets for $100 each
Assets:Inventory -5 widgets @ $50.00
Expenses:COGS $250.00
Income:Sales $-500.00
Assets:Checking $500.00
Since you are selling a service, not inventory, you wouldn’t do any of that. You would just have your services going to Income:Consulting or whatever category.
There are some special circumstances you may want to consider, such as if you receive a deposit that you haven’t earned yet, then that goes into deferred revenue, a liability, but that’s a bit more of a complicated topic.
> --
> You received this message because you are subscribed to the Google Groups "hledger" group.
> To unsubscribe from this group and stop receiving emails from it, send an email to
hledger+u...@googlegroups.com.
> To view this discussion on the web visit
https://groups.google.com/d/msgid/hledger/07615c33-719b-46c9-9500-62cc48b23020%40app.fastmail.com.