non inventory items for expense , does this affect reporting?

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  • Updated 4 weeks ago
We would like to use Non-Inventory Parts so we can raise Purchase Orders  for Expenses (I.E. Stationary) We would like to use this as we can easily see what is ordered and mark who the supplier is, as well as Giving the Supplier a PO number.  It goes to the relevant Expense account, Mark the income account as Sales even though we do not sell these items. Does doing this affect our Inventory Assets and Financial Reporting in anyway, other than showing under the relevant Expense Account?
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Brooke McArthur

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Posted 4 weeks ago

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Kevin Russell, Accredited Partner

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No