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Thread: New service company
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30-03-2010, 08:04 AM #1
New service company
Hil all,
I've been in this industry for 15 years but just starting running my own service business.
I've bought MYOB and I'm deciding on how to do my books.
My accountant told me it was a headache to enter individual stock items.
I ask you all:
In your books, do you account for every single item of your stock (ie. damper motors, compressors, fuses, duct tape) and attribute the individual items (precisely what you've used)to the specific job?
or
Do you buy required items as general stock, charge them out for the specific job, but dont individualize them to the job then list them as expenses for the month?
Your responses would be greatly appreciated.
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30-03-2010, 07:45 PM #2
Re: New service company
this will cause you a serious headache and those jobs that some people don t need to know about will be able to trace easily
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