Is service fees a expense?


Is service fees a expense? For example, if you are charged a monthly service fee by your bank, you may want to categorize this fee as an administrative expense.


Do you tip with a 20% service charge?

The restaurant has an automatic 20-percent service charge, and Curtis estimates that roughly a third of his customers add extra gratuity. When they do, it's about 5 to 7 percent more. Curtis's advice: Add it up to whatever you'd normally tip.