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, 01:20 PM
I would call it contract labor.
goldenbutterfly
Apr 12, 2007, 05:16 AM
I would capitalize it under Machinery, especially if amount of installation is material.