Company pays for lunch for employee while on delivery.
The company can only claim 50% of the cost of the meal and therefore can only claim 50% or the associated HST on the meal
How would this receipt be entered in Quick Books if I only can claim 50% of the cost
Lunch 19.25 HST 2.89 Total 22.14
Is there anyway in Quickbooks where I can set it up that when I enter the total of the receipt it would automatically do the proper calculations
JP
I am no accountant, and it would be best if you consulted yours, but I just enter the entire amount and I believe the tax guy or the tax form does the
50% part.You should definitely talk to your accountant about this. Depending on the facts, you may be eligible for a 100% deduction (for tax purposes).
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