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COGS, purchasing, inventory??
Ok, so I have read similar posts to my own, but I still have questions about where to list certain items. I run a small auto repair and maintenance shop. Because I am so small, I only order parts when a customer needs a repair. Otherwise, I only purchase oil and oil filters to keep on-hand. I don't have the inventory feature, so I have been using the purchases account to show my inventory of oil and oil filters. Once a customer comes in for an oil change, I take the products out of purchases and put them in COGS. I do the same for the auto parts I may need for repairs. Am I doing this right??
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