I'm just doing a builder's FRS105 accounts and my software is putting subcontractors in with 'other charges', whereas I would have thought raw materials or even staff costs would make more sense. Is my software right or should I put it somewhere else maybe ? What are other people doing ?
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Absolutely.
I don't know who these academics are but I could've done a better job and, more than likely, would have been satisfied with less pay.
A lot of clients wouldn't give a toss about the breakdown.
For those that do, how long would it take to provide them with one, along with comparatives? Not very long, I'd say.
Nevertheless, many of us take pride in our work.
We shouldn't have to produce meaningless carp to satisfy some academic.
I break everything down into a detailed P&L, the P&L for FRS105 accounts is meaningless.
It's not as meaningful as that.
Its pants, I keep finding an awful lot of costs magically ending up at the "wrong" place to give some commercial sense to the P&L.