| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1187 |
| Technical Name |
us_meals_entertainment_deductibility_splitter |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1187 |
| Technical Name |
us_meals_entertainment_deductibility_splitter |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
US Meals & Entertain
Classify business meals & entertainment by IRC Section 274 deductibility tier and build a Schedule-M add-back worksheet
Classify business meals & entertainment by IRC Section 274 deductibility tier and build a Schedule-M add-back worksheet
Key Features
Deductibility categories
A category maps a meal / entertainment type to its statutory tier (100% / 50% / 0% or a custom percentage for temporary relief provisions) together with the supporting IRC citation. Ships seeded with the standard categories.
Own expense-line model
Records meals & entertainment costs without depending on hr_expense -- installable on any Accounting database.
Per-line split. Each line is split into the
Per-line split. Each line is split into the deductible portion and the non-deductible add-back; the two always sum back to the gross.
Period worksheet
Collect all classified lines in a fiscal period and roll them up by tier into a Schedule-M summary: total expense, total deductible, and total add-back -- with a tie-out check.
100% deductible -- company-wide social/recreational events,
100% deductible -- company-wide social/recreational events, meals treated as taxable compensation, meals sold to customers, de-minimis office food (IRC 274(e)).
50% deductible -- ordinary business meals and employee
50% deductible -- ordinary business meals and employee travel meals (IRC 274(n)(1)).
0% deductible -- entertainment, amusement & recreation, club
0% deductible -- entertainment, amusement & recreation, club dues, and meals with no business person present (IRC 274(a), 274(k)).
Screenshots
M E Categories
M E Expense Lines
Schedule M Worksheets
Why Choose This Module
Why Since the Tax Cuts and Jobs Act of 2017, entertainment is no longer deductible, most business meals are 50% deductible, and a handful of categories remain 100% deductible. Booking everything to one "Meals" account and guessing the disallowance at year end is error-prone. This module classifies each expense at the line level and ties the period out to the penny.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: 35+
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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