Forum Discussion

Michelle29's avatar
Michelle29
Experienced User
1 year ago

Production Costs

Looking at a way to account/journal for labour costs.  In the past we have raised an invoice to ourselves, for labour and materials then raised a payment to ourselves, to increase our cost of sales. ...
Princess_R's avatar
Princess_R
MYOB Moderator
1 year ago

Hi Michelle29

 

It seems like you're trying to account for labor costs in your production costs. This can be a bit tricky, but we have some articles that can help you manage it. Please refer to the following links that have information regarding labor costs:

However, for the specific process of journaling for labor costs, it might be best to consult with an accountant or a financial advisor to ensure that you're following the best practices tailored to your situation.

 

Feel free to get in touch if you need more help!

 

Cheers,

MYOB

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