Hi,

Thanks for your help. I'm going to be recording inventory manually in my Quickbooks account. 

Per my original question:
When I make inventory purchases, I understand that these should be recorded as an asset under the Inventory chart. When categorizing these purchases in my transaction history, should I "record as transfer" to inventory or "categorize" as inventory? What is the difference between the two?

Can you please help with this?

Thank you