Tag Archives: overhead

Chart of Accounts Setup – Part 4

In part 4 of these series regarding the Chart of Accounts setup, I will delve into thinking about recognizing Overhead Expenses in your Chart of Accounts. Overhead costs, which are sometimes referred to as General Administrative or Indirect Costs, can be fixed in nature, such as rent and insurance, or can be purchases that have

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Chart of Accounts Setup – Part 3

In part 3 of these series regarding the Chart of Accounts setup, I will delve into thinking about the various ways you can recognize Direct Costs in your Chart of Accounts. Direct Costs (also can be known as Cost of Goods Sold or Cost of Services) can be recognized based strictly on what you are

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