MI_Admin

This, and the answers given, is why I thought it might be a business expense. My apologies, I did not realize this was not for the general public. Have a good day.

Let me clarify ... we paid the travel costs out of our personal account. What I am wondering is, am I able to charge it to our company books as a business expense (on our monthly expense report), and if so, what "Chart of Accounts" account would it go under in Quickbooks. We are all Principal officers in our respective companies, their company is a subcontractor under us. I hope that is more clear.

I have a similar question as OP. Backstory: My husband and I own our own business, he is the sole employee ~ I don't get paid, at this point, for the bookkeeping duties that I do, but we both are the only Principals of the company. His brother and wife own their own company as well; same situation except she did draw a salary. Their company works as a subcontractor for our company, so we pay them per project that they work on. Sadly, my sister-in-law recently passed away from a long battle with cancer, and my husband and I flew out of state to be a part of her funeral, and to be there for my brother-in-law and family. The relationship is close. So, are those trip costs able to be deducted as business expenses? If so, what accounting category would I use? I don't have any that are appropriate (Marketing, Entertainment, Business Development, Gifts, etc.). Is there something like Benevolence, Bereavement, Compassion, Employee Hardship, or something like that? Thanks for any advice.