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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> how to account for the HIRE OF MEETING VENUE
Post Info TOPIC: how to account for the HIRE OF MEETING VENUE
Shamus


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how to account for the HIRE OF MEETING VENUE
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Kirst wrote:

well I've picked up a few weird things from the previous bookkeeper! They had a laptop purchase under printing and stationery?!

disbelief  no  disbelief  no  disbelief  no  disbelief  no  disbelief  no  disbelief  no  disbelief  no  disbelief  no  disbelief  no  disbelief  no

This could all be sorted out if we were just allowed to take bookkeepers who did such things around the back and beat them severely. But no, the PC brigade says that we can't do that... This business is just no fun anymore wink



-- Edited by Shamus on Monday 11th of February 2013 05:28:11 PM

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Shaun

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Kirst


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Hi All!  New to this forum! :0)

This is prob quite a basic question but I just wanted to make sure...

 

I have a customer who hires a meeting room every now and then which is for him to get together with his clients for general updates etc but also for new customers to potentially sign up.

 

The previous bookkeeper accounted for the costs of this hire under "marketing" but also on other occasions under "rent and rates".  I can potentially see the reasons why for both, but going forward I would really like to put these costs in the right place.  What is your general feeling?

 

Thanks in advance for your help!



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Shamus


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Or entertainment....

This sounds simialar to a previous thread where it actually went down the path of entertaining.

Have a read of this thread and see if the scenario rings any bells with your case (if it does it's not going to win you any brownie points with the client) :

http://www.book-keepers.org.uk/t50660625/is-this-classed-as-entertainment/

Hopefully it passes the above in which case I would classify this as a marketing cost (don't you just hate picking up inconsistent sets of books from previous bookkeepers!)

kind regards,

Shaun.

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Shaun

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Kirst


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Thank you!

Shall have a look at that.

Best wishes
Kirsty

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Melanie


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Whatever it is it certainly isn't rent and rates as I would only post regular business premises rentals under there...not ad hoc rentals for meetings.

Where I work we have separate nominals for travel/meeting expenses - under which meeting rooms, conf call costs etc are posted as well as normal travel.

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Kirst


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well I've picked up a few weird things from the previous bookkeeper! They had a laptop purchase under printing and stationery?! v bizarre!

Thanks also. Am waiting to see the actual receipt and see how its worded (to see if its just room hire or if there is drinks/food involved also).

Thanks in advance for your help!

Best wishes
Kirsty

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Melanie


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Kirst wrote:

well I've picked up a few weird things from the previous bookkeeper! They had a laptop purchase under printing and stationery?! v bizarre!

 Eeek blankstare



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