Solved
Venue Rental Accounting Treatment
Our business primarily holds events at local bars, nightclubs, and other venues. Each event requires that we make a payment to that business to rent their space. It's one of our most common expense types (i.e., it is both "necessary and ordinary" for our event planning business and therefore is a standard expense). Should this be entered as "Rent and Lease" on our books in Quickbooks Online? Seems logical but I wondered if that entry is more meant for renting office space. If not Rent and Lease, how should these expenses be entered?
