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Posted by Allan Martin on November 3, 2007, 10:19 am
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>I use items to categorize into construction categories. The items all dump
>into the same COGS account, but QB Contractor can spit out reports that
>show your income/expenses and so on by item. So this is useful.
>
> I think what I really need to do is ask our accountant if I need employer
> taxes to show up in thier own expense accounts, or if I can dump them into
> COGS or overhead expenses with other things.
Asking your accountant is step number 1. If you were my client I would say
yes you should. I still have no idea what you are talking about with the
item thing.
>
> GC
>
>>
>>> Our company pays a flat rate workers comp, then after audit we pay or
>>> get back the difference.
>>>
>>> I have a database I use for payroll that will tell me how much debt I am
>>> accruing for the workers comp each week, and also it will tell me how
>>> much is in what construction category (drywall, foundations, framing,
>>> etc.).
>>>
>>> In QB (contractor 2006) I use items to categorize into these
>>> construction categories.
>>>
>>> I'm trying to figure out how I can enter these debt accruals into a
>>> liability account using items so it keeps track of the construction
>>> categories. When I use a general ledger entry I can't use items.
>>
>> Why do you need to use items?
>>
>>
>>>
>>> I don't want to enter them as bills, because it shows it as being due
>>> now, but it isn't really.
>>>
>>> I could show it as a bill due well into the future, but I'd rather show
>>> it as just an entry to a current libility account so it doesn't show up
>>> in my bills.
>>>
>>> Any suggestions?
>>>
>>> G Chapp
>>>
>>
>
>
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