Rustler
Level 15

Reports & Accounting


@GSAUTO wrote:

How would the recording of this transaction differ if I am a used car dealer, and I bought a car for sellable inventory?


post the cost of the car you buy to a dummy bank account called WIP, as you get it ready for sale post all costs to that account too, then create the inventory item for the used car and "buy" it using the dummy bank WIP