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Jun 8, 2020 9:07 PM UTC
Question

Categorizing expenses

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
Jul 18, 2020 8:33 AM UTC

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