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Time To Separate The Sheep From The Claims

, , , , , | Working | May 16, 2018

(I have just started working for a bank in their accounting department. One of my jobs is to reimburse employees for work expenses they pay with their personal funds. One day I come across one I’m not sure what to do with so I go to ask my supervisor.)

Me: “I have a question about what to do with this reimbursement request.”

Supervisor: “You put the expense in the corresponding expense account and balance it against cash.”

Me: “Yeah, I know that, but what expense account do we use for sheep?”

Supervisor: “Did you say sheep?”

Me: “According to the reimbursement the employee bought a lamb at a farm auction and wants us to repay them for it.”

(We ended up putting it in donation expense; it was for 4H and part of community outreach.)