Peterjw
Level 1

Expense category

Hi,

I make hiking gear from fabric purchased overseas. I have a full time job and this is a side business (sole trader) which doesn't collect GST as I'm well below the 75K threshold

 

I was wondering how I make an expense category for materials purchased (from multiple suppliers)? I do not need to track inventory but do need to treat it as an expense or cost of sales.

 

Best regards

 

Peter