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Level 1
posted Jun 5, 2019 11:14:17 PM

Where do we put paint material purchases, under purchases in COGS area or under expenses?

 LLC Partnership filing Business Return: No inventory as we are a service - Painting and Cabinet refinishing business.

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1 Best answer
New Member
Jun 5, 2019 11:14:19 PM

As a contracting business, you will always enter these items under expenses.

1 Replies
New Member
Jun 5, 2019 11:14:19 PM

As a contracting business, you will always enter these items under expenses.