Worker’s Compensation Insurance: Worker’s compensation insurance premiums.

Tools and Small Equipment: Purchases of tools or small equipment used on jobs.

Subcontractors Expense: Subcontracted services performed by other contractors.

Subcontracted Services: Subcontracted services for customer service orders.

Purchases – Software for Resale: Purchases of software items for resale that are not tracked or counted in inventory.

Purchases – Resale Items: Purchases of items for resale that are not tracked or counted in inventory.

Purchases – Hardware for Resale: Purchases of hardware items for resale that are not tracked or counted in inventory.

Parts Purchases: Purchases of parts for use on customer repairs or resale.

Other Job Related Costs: Other costs directly related to jobs such as waste disposal, onsite storage rental, etc.

Other Construction Costs: Other costs directly related to jobs such as waste disposal, onsite storage rental, etc.

Merchant Account Fees: Credit card merchant account discount fees, transaction fees, and related costs.

Media Purchased for Clients: Print, TV, radio, and other media purchased for clients.

Materials Costs: Cost of materials used on jobs.

Linens and Lodging Supplies: Costs of linens and other supplies for guest rooms.

Job Materials Purchased: Construction materials used on jobs.

Freight Costs: Costs of freight and delivery for merchandise purchased.

Freight and Shipping Costs: Freight-in and shipping costs for delivery to customers.

Equipment Rental for Jobs: Rent paid for rented equipment used on jobs.

Contracted Services: Direct labor costs for contract (non-employees) performing services for clients.

Construction Materials Costs: Construction materials costs.

Bond Expense: Construction bonds expenses directly related to jobs.

Blueprints and Reproduction: Blueprints, photostats, and other printing expense.

Third, I do have a free google sheets (downloadable to excel) spreadsheet with a complete list of accounts by industry and company type:Īnd finally, here is a list of the most common cost and expense accounts with descriptions… Cost of Goods Sold Accounts: Second, if you want an IMPORTABLE chart of accounts for QuickBooks, you can purchase my kit for my customized “Ultimate Chart of Accounts” for Online or Desktop that I setup for my clients, here:

If you keep the account, you will get 30% off for 12 months, best deal out there! First, If you need to setup a free 30-day trial of QuickBooks Online use this link:

How to enter material in quickbooks