Meals and Entertainment
How do I enter meals and entertainment expenses?
Goldenseal small business accounting software allows you to track any types of expenses-- including meals and entertainment.
If you haven't already done so, first set up one or more accounts for the restaurants or other businesses providing the service. For restaurants or other venues that you use frequently, follow these steps:
HINT-- Some people may prefer to classify restaurants as Material Supplier accounts instead. It doesn't really matter how you classify them!
If you want to group several small venues together into a single account, follow these steps:
When you spend money on meals or entertainment, follow these steps:
NOTE-- The Office category system that comes with the Starter Files has a category for Meals & Entertainment.
When you save an expense transaction, Goldenseal automatically updates job costing for whichever account you entered in the Job fields.
If you use Vendor Invoice as the payment method, Goldenseal will add the expense to your Accounts Payable. If you use another payment method, Goldenseal will automatically create a bank transaction to pay for the expense, when you save the record (and the expense is marked as Paid).
Click here to return to expense accounting topics.