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Everything you need to know about connecting your bank and credit cards in QuickBooks Online

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damagebartonshop
Level 1

Do I categorise all my outgoings for stock as stock assets?

I find it difficult categorising my transactions with the right term. I run a shop, hence buy a lot of stock. Do I categorise it as stock asset or something else? When I was using Quickbooks self-employed I just categorised it as cost of goods sold. But here I find it harder to choose a category.

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