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cynthias
Level 1

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?

 
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DavidD66
Employee Tax Expert

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?

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
Employee Tax Expert

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?

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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