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May 8, 2024
Question

CATEGORIZATION OF EXPENSES

  • May 8, 2024
  • 0 replies
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The company operates in the real estate sector. The company pays some title companies for the deed prep, deed registration, transfer taxes, treasurer tax certification, etc.
In which category should we put these expenses?

- As payment to the title company all expenses under the professional fees.

or

-Should each of them be categorized separately under deeds or legal & professional fees? Like;

     +Deeds

         -deed prep

         -deed registration

         -transfer taxes

 

The examples are attached.