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Write off waste.

Posted by Sprink 
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Sprink
Write off waste.
December 25, 2015 09:10PM
My wife and I own a BBQ vending trailer, once or twice a season we end up with 3-5 lbs of meat that is two dry to sell that we end up throwing out, how do I go about writing that off?

Also, if we take out the employees for a Christmas dinner can I write that off somehow also?
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Michael Davids
Re: Write off waste.
February 09, 2016 12:29AM
You can create a new expense called "Produce Waste" for example and write it off there from inventory if that's where you have it now.

Christmas dinner is an expense, and that can go under "Entertainment - Meals"
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Sprink
Re: Write off waste.
February 09, 2016 12:33AM
Thanks
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