What expenses code or description do I use to record Tea and Coffee expenses in Xero accounting software?
You can check the answer of the people under the question at Quora “coffee shop chart of accounts“
What expenses code or description do I use to record Tea and Coffee expenses in Xero accounting software?
You can check the answer of the people under the question at Quora “coffee shop chart of accounts“
I would count it as office inventory asset if you wish to track it or consider it an office supplies expense.
If you’re buying them for staff, then the general ledger code is just under the Staff Amenities expense account. There’s no need to create a bill – just select Staff Amenities when you see the payment come up in the bank feed. Easy!
It depends on what type of business your are in.
If you are in the business of selling coffee and tea to your customers, then they can be categorized as inventory at the time of purchase. When they are sold they are moved to Cost of Good Sold.
However, if your business is not into selling coffee or tea but are purchased merely for office employees consumption, they can be categorized as part of employee benefits or office expenses.