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saroj1234
February 16, 2023
Question

i am a travel agentwhere do i put the cost of air tickets bought for my cleints-is it under costs of good sold?

  • February 16, 2023
  • 1 reply
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we buy the tickets for my clients using our credit card and w are reimbursed -where do i put the credit card expnse for air ticket? is it under costs of good sold?

    1 reply

    CatinaT1
    CatinaT1
    February 16, 2023

    No. It's not an inventory item, so it is not a cost of goods sold. 

     

    This would be an expense I would enter as other business expenses, and then where you describe the expense, I would call it Client Tickets.

     

    Entering Business Expenses

    Publication 535 Business Expenses 

     

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