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SWDadmin
Level 1

How do I transfer property the company owns to an employee as compensation?

My company owns a piece of property that I would like to transfer to an employee as compensation in lieu of money. How does that get entered to show as income for the employee?

2 Comments 2
asha_kanta_sharma
Level 6

How do I transfer property the company owns to an employee as compensation?

For Company the entry should be as below: 

 

Compensation Exp - Dr. 

PPE - Cr. 

 

For Employee the entry should be as below:

 

PPE - Dr. 

Other Income/Salary Income  - Cr

 

 

Thanks

SWDadmin
Level 1

How do I transfer property the company owns to an employee as compensation?

Thanks!

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