QB Issue Resolution:

Don’t over think it so much.  Create an expense account called something like venue rental and use that.

 

I would make that account a COGS type and detail type is COS- cost of sales, as well as any other expense accounts that are specific to the activity

Resolution for Issue 'Our business primarily holds events at local bars, nightclubs, and other venues. Each event requires that we make a payment to that business to rent their space. It’s one of our most common expense types (i.e., it is both “necessary and ordinary” for our event planning business and therefore is a standard expense). Should this be entered as “Rent and Lease” on our books in Quickbooks Online? Seems logical but I wondered if that entry is more meant for renting office space. If not Rent and Lease, how should these expenses be entered?' available: Yes (Solved).
Source: Intuit Community forum.

Our business primarily holds events at local bars, nightclubs, and other venues. Each event requires that we make a payment to that business to rent their space. It’s one of our most common expense types (i.e., it is both “necessary and ordinary” for our event planning business and therefore is a standard expense). Should this be entered as “Rent and Lease” on our books in Quickbooks Online? Seems logical but I wondered if that entry is more meant for renting office space. If not Rent and Lease, how should these expenses be entered?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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