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dunedin98
August 8, 2023
Question

Vendor names - general catogories?

  • August 8, 2023
  • 1 reply
  • 0 views

Is it acceptable to use a general or generic name for a vendor such as "Restaurants" for all Meal charges or "Fuel" for fuel purchases at Chevron, 7-11, etc? Or should each transaction be assigned a new vendor name as needed?

1 reply

Rainflurry
Rainflurry
August 8, 2023

@dunedin98 

 

Yep, you can do it that way and, IMO, that's a great way to do it.  As long as they are legitimate business expenses and you can track down receipts in case of an audit, that's all that matters.

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