usage of expense account
please tell me usage of expense account.
When we are doing transactions with items that are defined as 'non-inventory', expense account comes into picture. Else, the "inventory" account" will be affected.
We define the "expense Account" in the "Inventory" tab of the "G/L Account Determination" screen. However, depending upon the nature of item or warehouse, we can change the expense account both at item group as well as warehouse screens.