Hi,
I run a compliance advertising agency that purchases newspaper print ads (classified job ads) on behalf of clients.
1. They pay me the amount of the ad + a fee.
2. I then buy the ad for them from the newspaper using our company debit card and obtain a receipt.
My question is, after I buy the ad, and need to classify the expense category, what category do I select?
I don't think it falls under Advertising & Marketing because we aren't advertising or marketing for ourselves.
Does this fall under "Cost Of Goods Sold"?
I run a compliance advertising agency that purchases newspaper print ads (classified job ads) on behalf of clients.
1. They pay me the amount of the ad + a fee.
2. I then buy the ad for them from the newspaper using our company debit card and obtain a receipt.
My question is, after I buy the ad, and need to classify the expense category, what category do I select?
I don't think it falls under Advertising & Marketing because we aren't advertising or marketing for ourselves.
Does this fall under "Cost Of Goods Sold"?