Xero

Nikita
Nikita Registered Posts: 14 New contributor 🐸
Hi I am using xero. I am doing a builders books. Would waste collection , materials etc going to cost of sales or should I break down into categories ? I can set up different department codes but still not 100% on the software.

Comments

  • KoopaCooper
    KoopaCooper Registered Posts: 224
    I would say that for a builder, materials are definitely COS; waste collection would probably be a separate expense, it's not a primary activity of the business but a by-product. At least that's how we always treat it when doing our clients' books.

    (We've got quite a few clients in construction and renovation)
    Accounts Executive, ғɪᴀʙ ᴍᴀᴀᴛ
    QBO & Xero certified advisor

    AAT
    Level 2 Certificate in Accounting - 17 Jun 2015
    Level 3 Diploma in Accounting - 22 Jan 2016
    Level 4 Diploma in Accounting - 19 Dec 2017
    MAAT - 27 Mar 2018

    ACCA
    Advanced Diploma in Accounting and Business...
    F4 Corporate and Business Law - 4 Jun 2019
    F5 Performance Management - 15 July 2019
    F6 Taxation (United Kingdom) - 3 Dec 2019
    F8 Audit and Assurance - 2 Mar 2020
Privacy Policy