chart of accounts

DR1952 · #1 Apr 10, 2007, 11:14 AM

We hired a company ABC Doors to perform labor services during an installation of a piece of machinery. What do I call this in the Chart of Accounts? Contract labor? Outside Labor?

lsbean · Apr 10, 2007, 12:20 PM

I would call it contract labor.

goldenbutterfly · Apr 12, 2007, 04:16 AM

I would capitalize it under Machinery, especially if amount of installation is material.



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