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General Accounting Discussions: TRADE SHOW BOOTH RENTAL FEE - how to enter

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    Company sell Balsamic Vineger at Tradeshows.
    Booth Rental Fee: $1000 plus GST, $300 OR 30%Down payment on contract signing, $ 7000 OR 70% due one month later. Charge to company credit card. How do I enter the fee? Could I enter as COST OF GOOD SOLD other than regular expenses?

    Thanks much,
    Patti
    • CommentAuthormgogoing
    • CommentTimeJan 5th 2010
     
    Are you saying that part of the fee is a percentage of sales? If so, group with sales commissions. It is not a COGS regardless.
  3.  
    No, the fee is not percentage of sales. We paid the fee to Trade Show organizer regardless the sale amount. The fee is diferrent every tradeshow. If it's not a COGS, could it be enter just regular expenses - booth rental fee?

    Thanks for comment.
  4.  
    Yes it could be but it depends on the situation!

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