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M
melkhafif
June 8, 2020
Question

Categorizing expenses

  • June 8, 2020
  • 1 reply
  • 0 views

I have an advertising agency, which means I spend money on advertising/promotional activities for my clients (not talking about advertising for my company), in other words, I spend money to buy digital spots/boost social media posts, etc. for my clients. 
where should i record such expenses? because I can't find a type other than (commissions & fees) which is not really the right type. 

THank you 

1 reply

asha_kanta_sharma
asha_kanta_sharma
July 18, 2020

You can create Account Ledger based on different type of expenditure incurred which are direct in nature. You just need to Choose the Account Type " Cost of Goods Sold " and Details type "Other cost of Sales - COS"

 

Hope this helps

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