Home Accounting Is it required to include lease of a house rented for company...

Is it required to include lease of a house rented for company manager in the payroll?






Our company rented a house for the manager and paid the amount for 6 months as well as the deposit in cash. The rental agreement is effective for a year. Can I draw up a note of expenses for this transaction? How to create the accounting entry?


Gross amount of monthly rent is recognized as an expense by being added to employee’s salary. The deposit is capitalised. It is not required to draw up a note of expenses. Bank receipt is enough.

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


Please enter your comment!
Please enter your name here