[GNC] per diem expenses

[R Losey]

I think when I received per diem, I just recorded it as non-taxable income,
and paid for the food as expenses.

I suppose if you wanted to track it better, you could create an account
(category) that would be credited for the pier diem payments and debited as
you spend it on food, but I didn't need that level of detail.


On Thu, Dec 15, 2022 at 1:30 PM Alan W Jackson <alanwjackson at comcast.net>
wrote:

> Hi everyone,
>
> I am new to GNUCASH and am working on my chart of accounts and journals
> I am a owner op trucker and work with a single customer for now.
> I use the customers credit card for all business expenses such as gas,
> tolls, trailer and truck expenses
> Every week I receiver a payment document that details gross revenue,
> expenses down to net bank deposit
> My question is how to record the $64/$69 food per day per diem.
> The concept is to lower taxable income by the per diem amount, however it
> does not increase salary
> So is the debit to per diem expense, the credit to ??????
> What is GNUCASH recommended approach?
> Is this a tax return issue only?
>
>
> Alan W Jackson
> 706-816-2452
>
>
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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8