Our LLC is a partnership, and we have a business trip that was for training purposes. We are going to take the per-diem rates for both lodging and meals and I'm very unclear how I account for this in quickbooks? For meals, do I just record the per-diem meal rate as an expense that's mapped to a tax mapping for 50% meals and entertainment deduction? If this is the correct way to do this, how does this impact my profit and loss?
