When accounting for a manufacturing company, any labour costs involved in producing product goes above the gross profit line.
When accounting for a service company e.g. a law firm, would the labour cost of those doing the work also go above the gross profit line or would it be charged as admin?
When accounting for a service company e.g. a law firm, would the labour cost of those doing the work also go above the gross profit line or would it be charged as admin?