All Respected Members,
Hope all of you are doing well with good health.
Please educate me on following:
How should we record expenses ? In single account head or in each supplier/Vendor account ?
For Example: we take repairing and maintenance services more than 1 supplier/vendor during a year. So. Should we record these expenses entries in single account head like "repairing and maintenance expense account" or should we make each supplier/vendor account under group of repairing and maintenance account and then record entries in related supplier/vendor account ?
Thanks in advance for your precious time and efforts to reply this query.