Eric,
you seem to be missing a couple of steps in your cost accounting at the
point of sale ( apart from not actually making a profit on your work.
You are not clearing the Assets :Inventory:Finished Goods account. This
is normally cleared to an Expense:Cost of Goods Sold account by
crediting th
Subject: accounting for business payment of direct labor
I have received a partial answer for this previously, but I am not sure how to
complete it:
I work on computers, mostly I do the work, but sometimes contract out.
All income is banked for bills/parts/supplies/services.
Example: journal for
