31 March 2017
Hello respected sir/ madam, i am working in a private limited company. one of our saleman get salary 19500.00 monthly phone exp 1000.00 monthly stationery exp 500.00 monthly travellig 10500 to 12000 monthly sales incentives 4000.00 to 5000.00 monthly in this way he gets 35500.00 to 38000.00 per month by cheque
My question is how to book all these exp in my books of accounts?
31 March 2017
I'll suggest u one thing to fix travelling expenses, as travelling allowance. And regarding sales incentive it depends that u are providing it as incentive or commission to the salesperson. So, at the end of the day u must treat all the above expenses as a part of his salary (whether the amount is fixed or recurring).