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Hi,
could anyone help me out on how I have to record the "occupancy tax" for my hotel bill? I am the first time had a business trip and now have to enter my hotel bill. I got charged:
Room Charge 166.47
GST 8.74
PST 11.65
Occupancy Tax 8.32
Total: $195.18
Thank you
Hi putuschtel,
Welcome to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.
Making sure you're recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here.
I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.
Thanks. Yes, I contacted an accountant. The problem is solved. I should add the Occupancy Tax to the cost of the room, no need for a different account. That means I will post it to Travel Expense but will add a second line of the transaction because no PST is charged on that amount.
Just would like to share the solution in case other community users will have the same question.
Have a great day everyone!
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