For the "income account" under "sales information," should I choose an "income" account or "COGS: Purchases-Hardware for Resale?"

Inventory items

Income account should be sales or something similar

Expense account defaults to COGS and is usually left alone

Asset account defaults to inventory asset and is usually left alone

When an item is sold, the sales price goes to the income account, and the cost of the item goes automatically to COGS, the difference between the two is profit

My Tip BLog > rustler.freeblogit.com