Inventory vs Non-inventory
Working with a company that repairs and sells computers. Most of the parts purchased are for customer computer repairs with a small amount kept as short-term inventory for future repairs. How should these parts purchases be entered into quickbooks? Some have been entered as inventory and some non-inventory. If these are non-inventory items, what should the item set-up reflect? In the non-inventory item set up, when I click on the section for resale etc. it asks for an expense account. Should that be a Cost of Goods sold account? What is the relation between the cost of goods sold account and the non-inventory purchases?