Virtually every Club that sells and serves wine, beer, and spirits, manages the asset as an inventory account. The decision to purchase products “directly”, where the cost of the products are recorded when purchased, or through “inventory” when the cost of the products are recorded when sold or moved to a direct ledger account, resides with the CFO. The CFO is directly responsible for asset management, and inventory is an asset. However, the responsibility of taking inventory and managing inventory, including purchasing and receiving, falls into the operations team.