Shaw2395
Level 1

Inventory

Hi, I am very new to this & am lost trying to create my inventory items & chart of accounts. I purchase 1 yard of fabric - goes to COGS; got that. But what income account do I assign my product too? i.e. I buy fabric, make an item for the customer & only use 1/4 of the yard, I charge for my service not the fabric... so what income account to I assign. I can't build an assembly as the items change with literally every order? Same question for my non-inventory items such as machine needles?

 

Thanks in advance

Solved