The CIS enabled accounting packages I have seen create CIS Labour and Materials accounts classed as cost of sales accounts therefore appearing in the PnL. On a longer running project I would put them in Balance Sheet accounts as Work in Progress split into Materials and Labour etc. Then at the end of the project the balance sitting in the WIP accounts would be flushed out into the Cost of Sales accounts with a Journal to then appear as expenses in the PnL but until then they sit on the Balance Sheet. How do you deal with this scenario? If you don't use the designated accounts then the figures won't record CIS figures correctly as they don;t go into the expected accounts but if you do they appear in the PnL before you want them to. (My work around would be to process as required for CIS then use a Journal to move to the WIP accounts then back to PnL at the end of the project but this obviously involves more steps/complexity.)
Interested in what others do and if you agree/disagree with treament in general.