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April 10, 2019
Question

COS and expenses. What would I put paving slabs and fencing under when landscaping a garden? We are not selling them on for more just using them to complete a job? TIA

  • April 10, 2019
  • 2 replies
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2 replies

April 10, 2019

Hello Chantelmarie16,

Welcome to the Community - thank you for your question! Cost of sales would be fine to use in this case. We do want to add we are not accountant trained and it is always worth confirming that  with an accountant

 

Rustler
April 10, 2019

@ chantel

 

What you pay is an expense, COS is fine for job expenses

 

What the customer pays you is income

 

on the P&L income is reduced by expense