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Parking nominal code
Posted: 11 Mar 2015, 12:09
by Geordie613
Quick question...
Would you put Parking during a work trip as a 7304 Miscellaneous motor expense or 7400 Travelling expense?
Re: Parking nominal code
Posted: 11 Mar 2015, 12:36
by brucedenney
7304 Miscellaneous motor expense
Re: Parking nominal code
Posted: 11 Mar 2015, 12:38
by Geordie613
brucedenney wrote:7304 Miscellaneous motor expense
Thank you. Could you explain briefly the thinking there, please.
Re: Parking nominal code
Posted: 11 Mar 2015, 13:03
by brucedenney
It is only an opinion.
I see parking as a cost of using vehicles, like fuel and servicing.
I see travel expense as non vehicular transport costs.
What matters is what the person viewing the accounts at the end of the process thinks, so really you should ask that person how they feel about it.
If they see it as travel expense then your should put it there.