Discussion List

• Bill Purchase doesn't have option to add Asset?

  Justin

  Hi, I have a particular situation where you purchase something as an asset, but under the bill option there is only expense / COGS. Where can I add my purchase to an asset account? 2) If my purchase is for COGS item, I purchase it, it goes to COGS as expense, but at the same time doesn't it need to balance the inventory asset side? Which is weird…

  Justin 1.7K views 48 comments 0 points Most recent by Kristian_G April 30, 2020 7:43PMAccounting Technical Support