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Senior Explorer **
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Chart of Accounts

Our company buys lunch/dinners for employees at times and have it delivered. The company will add a tip/gratuity to the total amount. So, the total amount is paid with the company bank card (Linked to the checking account). Do I separate the meal from the tip? If so, how do I do that and which account does the tip go under in the chart of accounts? 

 

Thank you in advance!!

Best answer 09-12-2018 08:11 AM

Accepted Solutions
ProAdvisor

Re: Chart of Accounts

Hello @NU-LTGx:  The meal is the cost of dining out including the tip.  Here is a good article on meals and entertainment expenses for 2018 as the new tax law has changed the way you expense it this year.

 

Lynda

Senior Explorer **

Re: Chart of Accounts

Thank you! And thank you for the quick reply!

2 Comments
ProAdvisor

Re: Chart of Accounts

Hello @NU-LTGx:  The meal is the cost of dining out including the tip.  Here is a good article on meals and entertainment expenses for 2018 as the new tax law has changed the way you expense it this year.

 

Lynda

Senior Explorer **

Re: Chart of Accounts

Thank you! And thank you for the quick reply!