The value of the benefit is attributed to each employees check so the employee can pay income taxes on it. The value is $100 per employee per month.
We have 4 employees so the total bill for the benefit is $400 each month. This bill ($400) is payed monthly by the GM on his personal credit card. At the end of each month the company cuts a check reimbursing the GM for his expenses. Each line item has their own expense account they are attributed to such as fuel, travel, supplies etc.
How should the benefit be set up?
On the reimbursement check line item for the benefit bill of $400, which account should be used?