We are not current users. We are considering Version 16. Currently, we have four separate product lines, each with their own cost of sales general ledger accounts broken down into Material, Labor, Burden (overhead), and subcontract. This is a total of 16 general ledger accounts. We are trying to figure out how to get the Labor (employee pay rate) cost of sales. I've seen suggestions of making a "product" and calling it labor, but I don't think that will work for us. I've also seen analytical accounts, but do they show up on the financial statements? How do we get the labor cost of sales on the general ledger?
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Yes this is possible, based on containing work in a Project (yours may be simpler than this example).
Using Analytic Accounts (one per Project - they show up in their own ledger and you can filter financial reports by them) you can track costs based on the major activities you are doing:
A quick way to get more information is to watch this:
Thanks for the info. I may be getting tripped up on the terminology. I need the cost of sales (and WIP) from work orders for the employee labor to make the products. I need that cost totaled by product line to show on my financial statements.
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