Employee Compensation Perks

by Hazel
(Arizona)

How do I account and track employee compensation perks? For example tickets to a broadway show or sporting event?

Hello Hazel,

Thenk you for your question.

Employee compensation perks can be recorded as an Employees Benefits Expense on the profit and loss statement.

Otherwise, if these types of perks were for clients, they would be recorded as Entertainment Expenses and would only be 50% deductible.