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COGS vs. Expense
10/7/09 5:46 AM, Viewed by asker 10/7/09 5:46 AM
Total Views: 93
Total Views: 93
Elementary, I'm sure - if I am a company that provides a service only, is there ever a reason for an expense to go under a COGS entry or is everything an expense?
All Replies: Answers (1)
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Answer
10/31/09 1:08 PM
It depends. Some contractors or large service companies put the direct labor costs and job materials to COGS.
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Michelle L. Long, CPA, MBA
Author of the book "Successful QuickBooks Consulting"
http://www.LongforSuccess.com
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Author of the book "Successful QuickBooks Consulting"
http://www.LongforSuccess.com
Linkedin Group: http://bit.ly/9e3RB
Facebook Page: http://bit.ly/1q72VW
