This video will show you how to setup Cost Codes in LMN. Cost Codes make sure that revenue and costs are organized by division/account/or profit center in accounting. Cost Codes are what link to Quick Books service items to ensure estimates/invoices/timesheet costs are booked to the correct expense or revenue accounts.
In this video you will learn:
- How to add/edit Cost Codes in LMN
- How cost codes sync with Quickbooks
- How cost codes ensure your revenue and expenses get added to the correct accounts in Quickbooks
- How cost codes sync with Quickbooks service items
- Why cost codes are so important for jobcosting