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November 1, 2024
Question

Should a subcontractor invoice be entered as a simple expense or a subcontractor COS expense

  • November 1, 2024
  • 1 reply
  • 0 views
the subcontractor was used to finish a job that was invoiced to a customer

1 reply

November 1, 2024

Hi there info-completepro,

 

Thanks for reaching out about your expenses. QuickBooks Online is a great tool able to help you keep track of sales and expenses so you can see the profitability of your company. I can point you in the right direction for assistance with this choice of account to affect.

 

To know how you should be entering this bill or expense, I recommend reaching out to your accountant. Their expertise will be able to assist you with this choice of account so that your books are well-balanced after this transaction is completed. You can invite your accountant to your QuickBooks Online account by going to the My Accountant tab, then entering their contact information. You can also find an accountant near you that has experience using QuickBooks Software using the FInd a pro to help button in that section.

 

If you have any other questions, feel free to reach out here.