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Good day All,
Can someone please help with the following two matters:
I have a situation where I have registered two separate company, call them Trade1 and the other Logistics2
Trade1 sells goods but does not transport
Logistics2 does the transport to customers.
1. Costing or allocation of Salaries
Myself and another manager work in both companies but we both only get paid by our salaries by Trade1 (50% of time is spent on Trade1 and 50% on Logistics2)
We would like to know how to cost the time spent as percentage of salaries, meaning Trade1 recovers 50% of the salaries cost from Logistics2
2. Costing Van / Truck rental
Logistics could not get all the finance or rental it needed to get the right number of trucks as it was a new business with no history
So, Trade1 financed a Van/ Truck in the name of Trade1 and is paying the bank monthly
How do we cost that as an expense in the books of Logistics2? We do not want to do a loan as a loan does not reduce operating expenses
Thank you all
Best regards
Sabatha
Can someone please help with the following two matters:
I have a situation where I have registered two separate company, call them Trade1 and the other Logistics2
Trade1 sells goods but does not transport
Logistics2 does the transport to customers.
1. Costing or allocation of Salaries
Myself and another manager work in both companies but we both only get paid by our salaries by Trade1 (50% of time is spent on Trade1 and 50% on Logistics2)
We would like to know how to cost the time spent as percentage of salaries, meaning Trade1 recovers 50% of the salaries cost from Logistics2
2. Costing Van / Truck rental
Logistics could not get all the finance or rental it needed to get the right number of trucks as it was a new business with no history
So, Trade1 financed a Van/ Truck in the name of Trade1 and is paying the bank monthly
How do we cost that as an expense in the books of Logistics2? We do not want to do a loan as a loan does not reduce operating expenses
Thank you all
Best regards
Sabatha
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