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Regardless of the character of the item category (inventory, asset, or P&L), we advise to always assign assigning all columns with the exception of the Wastage Cost Account, which should only be used for F&B-related item categories. In principle for inventory and asset items there is no need to select a cost account in the Good Receive selection of accounts, however, to take care that any error in the item database will still be booked in Finance we advise to select selecting a related account anyway. The same applies to P&L accounts purchased through the market list. In principle those purchases should be charged out immediately, therefore only the cost account should be needed.
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