Hi,
I am setting-up my company in QuickBooks 2003 Pro.
We provide 5 seperate types of service, and intend to track labor as Cost of Goods Sold. I'm at a loss as to whether I should setup a seperate item for each service, and/or a seperate job type for each type of service, and/or a seperate COGS and imcome account for each type of service.
Can someone please explain the advantages/disadvantages and side-effects of:
1. Setting up a seperate item for each type of service and the problems of not doing so.
2. Setting up a seperate job type for each type of service and the problems of not doing so.
3. Setting up a seperate COGS and imcome account for each type of service.
Thank you very much.
Best Regards,
Jerry
|
