The default Advertising nominal code 6201 is under direct expenses, but when doing accounts for an events company where should I put the advertising?
They have many leaflets produced, general ones advertising all events and the company a direct expense therefore I feel should be in 6201.
However they also have leaflets made just for a certain event to advertise that only. Where should I post this, as it is a cost of sale but should it go in the 5000's somewhere?
Or should I be putting them under printing 7500?
They want the event leaflets to show on the P&L report
You are correct in thinking that since these per-event leaflets are a cost of sales, they logically fit in the 5000 range. Create a suitable code in that range, and make sure it shows in the right place on the chart of accounts.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
Advertisement is very challenging and being the new business owner, I am not able to decide on which methods are going to be beneficial for me. Moreover, some of the online marketing techniques are very expensive. So, at the moment I am just thinking to use business sms marketing technique which is affordable and I can manage the campaigns on my own. What do you think about it?
-- Edited by Shamus on Monday 12th of August 2019 01:04:05 PM
Advertisement is very challenging and being the new business owner, I am not able to decide on which methods are going to be beneficial for me. Moreover, some of the online marketing techniques are very expensive. So, at the moment I am just thinking to usexxxxxxxxxxxxxx marketing technique which is affordable and I can manage the campaigns on my own. What do you think about it?
What do we think?
We think, no we know, you are a spam dumping waste of time!
Plus we do not know you are not a new business owner! If you are the you shouldnt be on here as this is a forum for Accountants and bookkeepers
Plus we think, no we know, you are dumping rubbish on the wrong side of the pond.
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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
Advertisement is very challenging and being the new business owner, I am not able to decide on which methods are going to be beneficial for me. Moreover, some of the online marketing techniques are very expensive. So, at the moment I am just thinking to usexxxxxxxxxxxxxx marketing technique which is affordable and I can manage the campaigns on my own. What do you think about it?
What do we think?
We think, no we know, you are a spam dumping waste of time!
Plus we do not know you are not a new business owner! If you are the you shouldnt be on here as this is a forum for Accountants and bookkeepers
Plus we think, no we know, you are dumping rubbish on the wrong side of the pond.
Las Vegas!
Hope that I didn't just ban the Mafia... If I did... Joanne made me do it... Actually, ignore that, thioonk that I would rather face the Mafia!
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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.
