As long as you are posting all such expenses to “team building” , “staff meeting” , “monthly lunch” etc consistently, it will be easy for the accountant who prepares the income statement to map the g.l. account to the correct line on the reports, and that is what matters..Here is a list of typical Expense accounts or Cost of Goods Sold accounts we have in our client’s QuickBooks file. But this is across multiple industries, so you may want to narrow your chart of accounts to accounts max Here you can download the entire spreadsheet by industry.Employer taxes and expenses include Wage expense For the worker’s gross pay. Medicare and Social Security tax Companies pay a portion of the tax liability for each employee. Benefit payments If your firm pays a share of health insurance costs, you’ll post the amounts to a separate expense account..Allocating employee reimbursement to expense accounts We use QuickBooks Online with full service payroll. For each of my employees, I have setup the “additional pay type” for reimbursement, which allows me to enter a total reimbursement amount for each employee each time I run payroll. The problem is that all of these employee reimbursement dollars are automatically allocated to a single .
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