Code Your Consultants and Contractors Separately
In episode #103, I address consultant and contractor coding. It’s important to get this right in your chart of accounts. SaaS companies often supplement staffing with full or part-time contractors.
For efficiency purposes, we need to treat this expense just like employees. Always consult with your HR professional on your labor classifications. That's a whole separate subject.
- What are consultants
- What are contractors
- How to code on your SaaS P&L
- ROSE Metric (https://www.thesaascfo.com/saas-rose-metric/)
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