How To Allocate Employee Benefit on Chart of Accounts

by Anna Kieu
(Cape Town, South African)

Employee Benefit on Chart of Accounts

Employee Benefit on Chart of Accounts

Pleas help me with these..


I bought the microwave, kettle and fridge for the employee.

Which account should I allocate those to on the Chart of Accounts?

Is this Entertainment expense or office equipment ..?

Also, can I claim vat from those expenses?

Thank you !

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Jun 05, 2018
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Employee Benefits on COA
by: Stephanie

Thank you for your question about how to allocate purchases made for employees on the chart of accounts.

There are typically a few different ways you can account for these kinds of purchases.

One of the main ways to allocate the purchases you made for your employees would be to expense it under an Employee Benefits Expense category.

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