Would you consider Co-working space a Rent Expense?
Cameron
Member Posts: 32
I'm just wondering if co-working space should be categorized as Rent Expense vs some other expense specifically for co-working space?
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Cameron
Member Posts: 32
I'm just wondering if co-working space should be categorized as Rent Expense vs some other expense specifically for co-working space?
Comments
Cameron,
If you are sharing an office space with someone else, then I would classify the payments either to the landlord or your co-habitation partner as rent expense.
Mike G, CPA
www.mgfinancial.net
Hey @Cameron! You can also create an operating expense in your chart of accounts and name is something like "office space rent" and categorize each expense transaction to it!