I have a tour/travel business; trip fees include all travel costs. Should I put the expenses for the clients' hotels, meals, transportation in COGS and where?

cynthias · ‎April 13, 2020

DavidD66 · ‎April 13, 2020

You could, but that is typically used for inventory items. I would put in "other expenses" and list each major category separately. The bottom line will be the same whether you put it in COGS or Other Expenses.

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DavidD66 · ‎April 13, 2020

You could, but that is typically used for inventory items. I would put in "other expenses" and list each major category separately. The bottom line will be the same whether you put it in COGS or Other Expenses.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I have a tour/travel business; trip fees include all travel costs. Should I put the expenses for the clients' hotels, meals, transportation in COGS and where?