Morning. I have purchased a number of gifts for employees who are leaving but i am unsure how to record this. I want to be able to see that these were gifts and not normal purchases. Is there a code I should be using and how do I set this up. Many thanks for your help.
Hello Farmgirlkent69,
What you can do to record these gifts in Quickbooks is to go to
The account tab on left-hand side>chart of accounts> new top right> account type would be expense>detail type - you would select whichever best fits so it would go as entertainment the gifts, for example,> name- can be whatever you would like it to be so for example gifts.
Then you would go to plus new icon- select expense and create the expense and select the category as what you have just created in the chart of accounts.
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