Owner's pay vs direct labor

DanVDanV Member Posts: 5

I'm using payroll though Wave. How can I set the expense accounts so that I can segregate between those employees whose pay I want to record as direct labor (i.e impacting gross profit) versus other employees, myself included. whose salary I want to include as a wages?

Comments

  • AlexLAlexL Administrator Posts: 1,946 admin

    Hey @DanV . There's no way to differentiate between accounts I'm afraid. For accounting purposes, the best way to do this might be to create a Journal Transaction to move the appropriate wages into the direct labour account so you can differentiate between them.

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