
16-07-12
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| Forum newcomer | | Join Date: May 2012 Location: Melbourne
Posts: 36
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Re: recording payments to sub contractors
I agree with Steve, add another COGS account for your contractor payments, so you have an account for you to measure how much you spend on contractor over time and use it to measure your profitability on it as well.
Expenses: COGS in expense section make no sense at all
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Wan Wa Chau CPA
Director
Business Meister Pty Ltd - Accounting for Your Business Success
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