Hi, I am a finish carpenter/handyman. What account(s) would items such as these go in: blades for saws, nails for a nail gun, a length of chain that would be used with a tool? I'm not sure if it would go in the 'Tools and Small Equipment' expense category, but I really don't know. Or would it go in 'Supplies' expense category?
It sounds like these items are used in the production of things you sell. If so, you could use a Cost of Goods Sold account. Something like supplies might also be appropriate.
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