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Join Date: May 2012
Thanked 7 Times in 6 Posts
| | 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
Wan Wa Chau CPA
Business Meister Pty Ltd - Accounting for Your Business Success