Bill Purchase doesn't have option to add Asset?
I have a particular situation where you purchase something as an asset, but under the bill option there is only expense / COGS. Where can I add my purchase to an asset account?
2) If my purchase is for COGS item, I purchase it, it goes to COGS as expense, but at the same time doesn't it need to balance the inventory asset side? Which is weird because everytime I do a bill purchase my equity goes down but reality is I already have the inventory right to balance the account?