Directors Fees
Hello everyone, I need to pay directors fees in Accountright plus and have never done this before. Could someone please help me with a step by step process for this? Thank you
Forum Discussion
Hi JennyS76
Check with the Tax Accountant if they want the director set up as an employee and have tax withheld, or if it is just to be done as a spend money transaction and allocted to a new expense account called Director's fees, prior to doing anything.
What would the tax code be if you're setting this up as a new expense account? Also, what would you put as the card name when you go to enter the spend money transaction?
