Hello, I have a small construction company, I buy material, then get labor to complete remodels and such. Should I be using a cogs? Or just seperate expenses? Thanks!

No text available

Level 15

No not COGS, when you file taxes COGS is used only for inventory sales

but

in the chart of accounts create a new COGS type, detail type Cost of Sales (COS) and use that

Sign up