We operate solely in NYS, and to comply with NYS capital improvement
laws, when a job meets the CI criteria, rather than collecting tax from
the customer like on our regular service/maintenance jobs, it is our
responsibility to sum the total of parts...
We are not currently - we were, and it led to our inventory being
misstated and required a ton of adjustment on my end so we now coach our
team to stop direct-to-job tracked inventory via a PO. ST reads POs as
purchase activity so when tagged to a jo...
@michael21 I definitely can see your approach for financing fees as a
COS based on your company approach of being able to build a portion of
that cost in and collect additional receipts from customers after
considering the cost of financing, with a n...
@UptackService I believe you can see the status of emailed invoices in
the audit trail of the related job of that invoice. It won't tell you
the date/time, but it will tell you if it is "sent" or "opened". It will
do this every time you send the invo...
@michael21 As a fellow CPA, my financing fees are classified as a
contra-revenue account on my GL. From a true accounting perspective, I
do not view it as a cost, but as a reduction in gross revenue to arrive
at the true net amount, because the cost ...