Tracking expenses for job costing. Should I use items, chart of accounts or both?
I work for a construction company. My boss wants to track the phases of the job for profit and loss. He wants this done mostly based on Trades, ie. foundation work, framing, sheet rock, etc. He also wants to track between subcontractor costs vs. in house, time and materials cost.
Can this be done strictly through the Items list, through the Chart of Accounts, or a combination of the two? I inherited a messed up file, the numbers are right, now, but I am trying to figure out how to get it to the point where the reports "look" the way that he wants.