What expense category are business meals?
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There is no one-size-fits-all answer to this question, as the correct expense category for business meals will vary depending on the country or region in which the business is located. However, some common expense categories for business meals include 'entertainment', 'travel', and 'meals and entertainment'.
Entertainment
In many countries, business meals are considered a type of 'entertainment', and can be expensed under this category. This is often the case in the United States, where business meals are considered a deductible business expense if they meet certain criteria.
Travel
Another common expense category for business meals is 'travel'. This is often the case in the United Kingdom, where business meals can be expensed as part of the cost of travel if they are incurred while the individual is away from their normal place of work.
Meals and Entertainment
Another common expense category for business meals is 'meals and entertainment'. This is often the case in Australia, where business meals can be expensed as part of the cost of entertainment if they are incurred while the individual is away from their normal place of work.
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The information provided in this article does not constitute legal or financial advice and is for general informational purposes only. Please check with an attorney or financial advisor to obtain advice with respect to the content of this article.
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