Need help with setting up my chart of accounts, please! Also, are materials I purchase for specific jobs - paint,wallpaper, etc.- consider cost of goods sold or just expenses? How do I best track these purchases for specific jobs?
How should I use items? Thanks for your help
Are the materials a significant part of the jobs that you do? Or, is the income mostly for services part and the customer is basically reimbursing you for the materials?
Thanks for the response. 95% of the work is contract work. I am tracking expenses through Customer:Job. Isn't that how I am supposed to do it? thank you.
I would set them up as Supplies expense since you're not in the sales industry. You're not really purchasing goods for resale. When you pay for the supplies, select your customer in the column on the right at the bottom of the check to assign the expense to that customer's job.
