The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Client paying for flights to bring international performers over for events - CoGS or travel expense?
Post Info TOPIC: Client paying for flights to bring international performers over for events - CoGS or travel expense?
maiasnow


Newbie

Status: Offline
Posts: 2
Date:
Client paying for flights to bring international performers over for events - CoGS or travel expense?
Permalink  

Hi everyone, I'm hoping this question will be quick and easy to answer. My client puts on events in the UK and occasionally has performers fly in from abroad. In those cases, he books and pays for their flights himself.

Should this be recorded as Cost of Goods Sold, since it's an expense incurred specifically in putting on the event? Or would it be a travel expense? I'm hesitating over the latter as the performers aren't employees.

Many thanks in advance for any guidance you can offer :)



__________________
Artois


Guru

Status: Offline
Posts: 1313
Date:
Permalink  

 

I would include it in the same category as the performers and COGS as I am sure that providing the travel must form part of the agreement/contract , although depending on the software you use I would still separate maybe as 'performers costs' and then 'performers travel costs' 



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Client paying for flights to bring international performers over for events - CoGS or travel expense?
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About