I have been reading this thread and I think it answers a problem we are having. Can someone please clarify. We buy products and sell them, so in reality we should be coding the purchase to other assets so it doesn't hit COG when we receive the items into inventory. Then when sold it will hit the cog. Am I understanding this correctly . Right now we are double dipping on expenses each month. We make purchases and have that coded to a COG account-- then with advance inventory turned on, it is hitting the COG at time of sale. Am I understanding this correct we should change the purchase to other asset inventory
