When you say, Non-Inventory Account, are you referring to setting up a Non-Inventory Products/Services? Inventory is tracked as an Asset on your Balance Sheet. The cost of the inventory items are not recorded until they are sold. Non-Inventory Items are tracked as a current cost (Cost of Goods Sold) and they are recorded on your Profit & Loss statement when they are purchased. You will only see the cost of your Non-Inventory items on your Profit & Loss statement after the items associated with them have been sold.