Construction
Nominated Supplier / Subcontractor Payment
Paying a supplier nominated by the client directly, in accordance with the main contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Work-in-Progress (WIP — Nominated) | Asset (+) | 80,000.00 | - |
| Accounts Payable (Nominated Supplier) | Liability (+) | - | 80,000.00 |
💡 Accountant's Note
Nominated suppliers are selected by the client but contracted through the main contractor. Their costs are included in the main contract value and in WIP.
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