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Post Info TOPIC: Which nominal cost code to use?
Cheshire


Master Book-keeper

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Which nominal cost code to use?
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I look after a Kitchen company and they are to offer finance to their customers. They have taken on a finance provider whose only charge to my client will be the initial charge of £1200 - this enables my customer to advertise the fact that there is a finance option via the finance provider.  Just wondering the best nominal code for this £1200 cost - advertising? or something else? 



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Cheshire


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69 views and not a single response. Oh dear!

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
numbnumber


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I would probably put it in Advertising or create a new nominal for other sales costs. As long as you are consistent.

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Roz
Cheshire


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Thanks Roz

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Rizwan124us


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I think either advertisement or professional fee will be ok.

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Cheshire


Master Book-keeper

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Thank you - I decided on putting under prof fees section in the end.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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