Home – New Forums Money matters recording payments to sub contractors

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  • #979007
    TehCamel
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    I’ve recently subcontracted out a parcel of work that I don’t do so well, to someone who does it better than me.
    He has issued me invoices, which I’ve paid and all is right with the world.

    However, I’m wondering what account I should be recording it under in Saasu.

    I’m considering the following:
    CoGS: Raw Material (which i think is a stretch)
    Expense: CoGS (which I don’t use for anything else as I have separate CoGS lines)

    sometihng else all together ?

    #1111362
    Divert To Mobile
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    can you make a new account and call it external contractors?

    Steve

    #1111363
    ntgd
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    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

    #1111364
    TehCamel
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    i can definitely make another one :)
    i will do that.. thanks :)

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