I am working towards having our financial statements show a more accurate picture of our firm's finances. Currently, the labor costs are allocated to the indirect labor and I would like to have all billable time / project time to be allocated to direct labor. Unfortunately, I can not figure out how to make this happen. Our set-up is like this. A new project begins. We assign a job #. At the end of each week I enter in all time, project related and administrative, into the "Weekly Time Sheet". I then run payroll. All payroll costs then show up in the indirect labor (Principal and Employee) section of the GL/Income statement. When I bill a project the costs remain in the Indirect GL. I would like the ability to expense all project related time to direct labor and all administrative time to indirect labor. I have been on the phone with Sage Support and they didn't seem to have a clue as to what I am trying to do. Is there anyone who has a service type company who can help me set up my Sage Accounting to work properly?
↧