Should the full amount of a job I contracted out show as income on my P&L or just my profit?
If I accept a job from one of my customers and contract it out, I create an invoice for my customer for the full amount of the job (including my fee). Is this the correct way to do this, because the full amount shows on my P&L as income but the amount paid to my vendor is deducted from my vendor payments. Does this basically offset the income in the end? Or what is the correct way to do it?