Hello,
I'm looking for some information regarding how/where i should report my material costs.
I provide joinery services to my customers, and i buy the material for each job.
My question is, should I account the material costs i incur as 'COS (cost if sales) or should this be categorised below the net profit line? (as an expense)
I'm hoping to find some answers from other business users who have a similar business structure
Thank you
