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?
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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?
I would call it contract labor.
I would capitalize it under Machinery, especially if amount of installation is material.
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