When sold service contracts
Tire/wheel warranty service?????
There could be multiple lines.
$1000
CR Service Revenue, 1000
Should default Cost on the service line with a pre-defined amount, such as 500
Create Vendor Bill to automatically created, with customer first name, and last name, cost
Set up Default Expense GL Account on the Vendor
Use it on the PIL
DB COGS, 500
CR Payable Account, 500,
Then select records to pay
Use contract #, last name, first name, amount fields from the vendor to tied out.