We have a nonprofit organization and our director lives overseas. SHe does not technically take a salary but uses some of the income for personal items, such as food, clothing, gifts for family, entertainment, etc. How would we best handle that in an accounting situation? We use QuickBooks. Should we do a journal entry for a saary for her and then code the various purchases against it or what/
I'd classify it as embezzlement.
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March 16th, 2009 at 9:22 am
I'd classify it as embezzlement.
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