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gkujumdzieva
October 31, 2021
Question

How do I record my labour as a part of COGS for services I have provided

  • October 31, 2021
  • 1 reply
  • 0 views
I did some jewellery repairs and I need to record in QB I have Jewellery Repair Income which is set up in the chart of accounts as a service and I have charged $100 as a labour cost. When I record the sales receipt I have the sales of my services as $100 but I do not have COGS-Labour that will offset my income (100- 60=40) so my gross profit from this transaction is 40

1 reply

J
JamesM4
November 1, 2021

Hi gkujumdzieva, 

 

It's great to have you reach out to us in the Community. QuickBooks is versatile program that helps you get ahead with your work. This allows you to save time so you can do the things you love. 

 

It's essential you're able to record the the labour the right way. I highly recommend contacting an accounting professional for expert advice on how to handle this transaction. You're more than welcome to search for an accounting professional on our site by clicking this link here. Doing this helps ensure your transactions are being recorded the right way. 

 

Let me know if this info helps by leaving a comment below. I'm here to provide the solutions you need to get ahead with your business while using QuickBooks. 

 

 

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