What expense category does food for customer meals come under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
There is no definitive answer to this question, as it will depend on the specific business and their accounting practices. However, some common expense categories that food for customer meals may come under include:
Entertainment Expenses
This is a common category for customer meals, as it can be considered a business entertainment expense. This can be a valid category if the meal is considered to be part of a business meeting or entertaining clients.
Marketing Expenses
Another possible category for customer meals is marketing expenses. This can be a valid category if the meal is considered to be part of a marketing event or campaign, such as a product launch or promotional event.
General Business Expenses
Another possible category for customer meals is general business expenses. This can be a valid category if the meal is considered to be part of a general business meeting, such as a staff meeting or board meeting.
The right expense category will depend on the specific business and their accounting practices. However, some common expense categories that food for customer meals may come under include entertainment expenses, marketing expenses, and general business expenses.
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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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