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dmtrue
August 31, 2022
Question

Tuition Payments for Employees

  • August 31, 2022
  • 1 reply
  • 0 views

I would like to know how to categorize employer-paid tuition expenses for employees. It is not paid as a reimbursement to the employee, but rather as a direct payment to the university. My question is how to I categorize it in my chart of accounts and which GIFI code the account would fall under. I didn't find an expense category that directly applies to this situation. 

    1 reply

    J
    JamesM4
    August 31, 2022

    Hi dmtrue,

     

    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.

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