This is a clarification about adding subcontractor costs to a specific project in the accounting system. You can record subcontractor costs using these steps:
First: Adding the Contractor
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Go to Purchases
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Click on Suppliers
- Click on Add New Supplier
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Record the contractor’s information as a supplier
Second: Creating the Contractor’s Invoice
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From Purchases > Purchase Invoices
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Click New Invoice
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Select the contractor from the suppliers list
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Select the Project associated with the invoice
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Enter the work details and cost
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Click Save
What Happens Accounting-wise?
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The system records the amount as an expense on the project (debit)
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And records it as due to the contractor (credit)
Additional Notes:
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You must link the invoice to the project so it appears in the reports
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You can pull a project cost report from Reports > Projects
Keywords for inquiry:
- How do I add subcontractor costs to a specific project in the accounting system?
