What is the best way to handle subcontractor that we back charge? The back charge is because the builder has back charged us, we are passing along the cost.

What is the best way to handle subcontractor that we back charge?  The back charge is because the builder has back charged us, we are passing along the cost. How can I set up an account the shows the billed amount from the customer, the funds withheld or collected from our sub?

Answer

Customer pays you as Gross Revenue or your Income.

Subs are Gross Expense.  I'm sort of lost as to how "builder" also fits in here, because that means the Sub was hired by whom and working for whom, and who got backcharged for what from what for whom?

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