my company is providing residence and meal to employee - how should i record it
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Let me guide you on how you can record and categorize hostel and meal to employees, Jeehan.
QuickBooks has a native expense account wherein you can specifically categorize the meals to your employees. I've added a screenshot for your guide:
You can enter them as expense transactions . To do this, follow the steps below:
I would also suggest reaching out to your accountant for other ways on how you can do the recording. Furthermore, learn what information that you can get once you've entered the transactions by running reports. You can customize them to get the information you need. Go through this article for more details: Customize Reports In QuickBooks Online.
Reach out to us if you have any concerns pertaining to recording and categorizing meals. We're always here to help.
Let me guide you on how you can record and categorize hostel and meal to employees, Jeehan.
QuickBooks has a native expense account wherein you can specifically categorize the meals to your employees. I've added a screenshot for your guide:
You can enter them as expense transactions . To do this, follow the steps below:
I would also suggest reaching out to your accountant for other ways on how you can do the recording. Furthermore, learn what information that you can get once you've entered the transactions by running reports. You can customize them to get the information you need. Go through this article for more details: Customize Reports In QuickBooks Online.
Reach out to us if you have any concerns pertaining to recording and categorizing meals. We're always here to help.
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