well I've picked up a few weird things from the previous bookkeeper! They had a laptop purchase under printing and stationery?!
This could all be sorted out if we were just allowed to take bookkeepers who did such things around the back and beat them severely. But no, the PC brigade says that we can't do that... This business is just no fun anymore
-- Edited by Shamus on Monday 11th of February 2013 05:28:11 PM
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
This is prob quite a basic question but I just wanted to make sure...
I have a customer who hires a meeting room every now and then which is for him to get together with his clients for general updates etc but also for new customers to potentially sign up.
The previous bookkeeper accounted for the costs of this hire under "marketing" but also on other occasions under "rent and rates". I can potentially see the reasons why for both, but going forward I would really like to put these costs in the right place. What is your general feeling?
This sounds simialar to a previous thread where it actually went down the path of entertaining.
Have a read of this thread and see if the scenario rings any bells with your case (if it does it's not going to win you any brownie points with the client) :
Hopefully it passes the above in which case I would classify this as a marketing cost (don't you just hate picking up inconsistent sets of books from previous bookkeepers!)
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Whatever it is it certainly isn't rent and rates as I would only post regular business premises rentals under there...not ad hoc rentals for meetings.
Where I work we have separate nominals for travel/meeting expenses - under which meeting rooms, conf call costs etc are posted as well as normal travel.
