QB Issue Resolution:

Yes, when you purchase inventory and record that on a bill or a check, it’s not an expense, but an increase in your inventory asset account. This is normal and doesn’t usually need to be fixed.

Resolution for Issue 'When I enter a bill, it is going to an inventory asset account and not an expense account' available: Yes (Solved).
Source: Intuit Community forum.

When I enter a bill, it is going to an inventory asset account and not an expense account: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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