We would like to be able to assign shop order labor to expense and not to the balance sheet.
Example. Shop order has two components – a part and 2 hr of labor:
Material $100
Labor $20
The goal is to have $100 in Finished Goods (balance sheet) when the shop order is complete and $20 on a P&L account.
With the current setup, the labor cost rolls into inventory cost, which results in the total of $120 going into inventory.
Since we are not sure what makes up the current set up - we don’t know what needs to be changed in IFS. Any ideas on set up/configuration that needs to be done to accomplish our example?
