Subscription Fee's
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Subscription Fee's How do I handle the $59.00 Subscription fee to Bivio? Do I charge each member a fee or do I include this in their payment? Do I put this as an expense and what kind of expense? Thanks, Michael Hall BigTen Club of Indianapolis Michael Hall writes: > How do I handle the $59.00 Subscription fee to Bivio? Do I > charge each member a fee or do I include this in their > payment? Do I put this as an expense and what kind of > expense? The cost of your subscription is a deductible expense. There's a special category called "bivio Subscription" on our expense form: https://www.bivio.com/my-club-site/accounting/account/expense You can allocate the expenses equally or proportionally. We don't recommend charging a special fee. This is an unnecessary complication to your accounting. Expense allocations handle the "fairness" issue. To learn more, please visit the following help pages: http://www.bivio.com/hp/expense-allocation-methods.html http://www.bivio.com/hp/account-transactions.html http://www.bivio.com/hp/tax-allocation-methods.html Cheers, Rob |
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