hi i'm a nail technician that works independently. i'm not sure what i need to put stock down for in my expenses as there isn't an option for it. i don't think it should go under goods for resale as i'm not selling on the whole goods all in one go i use bits at a time. i also don't really want to put in under other expenses as that's quite varied. can any one help please. TIA
When it comes to categorizing your expenses I would suggest checking with an accountant if you are unsure of how this should be assigned with in your account. This will also depend on how you record sales whether you record stock reducing or just as a service.
Please let us know if there is anything further we can help with.