Question
Should job material and payments be under the same account?
When I add a new non-inventory item to Products and Services I select Job Materials Purchased - Cost of Goods Sold for the income account. And when I write a check to the supplier I select the same Job Materials Purchased - Cost of Goods Sold as the category for what I'm paying. Is this the correct way of doing it? I notice when I run a report it will show the items from customer invoices as negative and then payments to suppliers as positive.