Work Clothes

Where would one catergoize Work Clothes on the chart of accounts

Reply to
Scraps
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Depends on your chart of accounts. Select an appropriate existing account, or create a new account if you need to keep track of that expense.

Reply to
!-!

Supplies may be a good choice. Uniforms may be another.

Wayne Brasch

Reply to
Wayne Brasch

"Scraps" wrote

Most likely as an expense.

Reply to
Paul A Thomas

If one is required to purchase and maintain (eg. have cleaned at cost) I would put that either to an existing "Other Expense" account, or create an expense account called "Work Clothes Expense". I would then expense the purchase, alteration and repairs, and cleaning expenses to that account.

As with other posts, I do however strongly suggest you speak to your accountant prior to implementing any changes.

Reply to
S.M.Serba

Stephanie, I always recommend that no one use "Other Expense: or "Miscellaneous Expense". In the US, IRS really likes to launch into and tear this type of account apart looking for personal items among other things.

Wayne Brasch

Reply to
Wayne Brasch

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