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business expenses: My business (business A) and another’s split our dumpster fee. Business B pays me $50 for his share. What’s the best way to label these monies coming in and what’s the best transaction to offset our costs? I’m assuming they aren’t taxable income. (quickbooks online)

Set B up as a customer

create a service item called dumpster fee and select an income account, other income wouuld be my suggestion

pay the expense for the dumptster

invoice company B and receive payment

on the P&L income is reduced by expense, so in this case if there were no other transactions […]

Resolution for 'business expenses issue: 'My business (business A) and another’s split our dumpster fee. Business B pays me $50 for his share. What’s the best way to label these monies coming in and what’s the best transaction to offset our costs? I’m assuming they aren’t taxable income. (quickbooks online)' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'My business (business A) and another’s split our dumpster fee. Business B pays me $50 for his share. What’s the best way to label these monies coming in and what’s the best transaction to offset our costs? I’m assuming they aren’t taxable income. (quickbooks online)', click the link below:

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business expenses: Business expenses

I bought a box of neoprene gloves that I will use throughout many jobs over the next month or two. I also bought an inexpensive tool belt that will depreciate over time. Can someone please tell me which expense account I should put these items under when entering and paying […]

Resolution for 'business expenses issue: 'Business expenses' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'Business expenses', click the link below:

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business expenses: How to record Cash withdrawals used for business expenses?

Let’s make this very easy to understand for you.

 

1) Open Petty Cash account (under Bank Type in the Chart of Accounts)
2) Transfer money from bank account to Petty Cash account. This means you’ve $1,000 balance in Petty Cash and $1,000 less in bank account
3) You’ve used $800 from Petty Cash […]

Resolution for 'business expenses issue: 'How to record Cash withdrawals used for business expenses?' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'How to record Cash withdrawals used for business expenses?', click the link below:

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business expenses: what would be the steps for Reimbursable Business Expenses/Billable Expenses for QB Essentials from the expense itself to the invoice?

The only way to do it in essentials, is when you enter the bill, you immediately enter those same items on a customer estimate – then you can copy the estimate to an invoice when ready

Resolution for 'business expenses issue: 'what would be the steps for Reimbursable Business Expenses/Billable Expenses for QB Essentials from the expense itself to the invoice?' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'what would be the steps for Reimbursable Business Expenses/Billable Expenses for QB Essentials from the expense itself to the invoice?', click the link below:

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business expenses: How do I record personal funds spent on expenses and assets for my partnership business in QBO?

Welcome to the Intuit Community.

Let me walk you through recording business expenses and assets paid by personal funds.

To record a business expense paid with the partner/owner’s funds, follow the steps below:

  1. Click the Plus icon at the top.
  2. Under Other, select Journal Entry.
  3. Enter the following information in the first and second line
  4. In […]

Resolution for 'business expenses issue: 'How do I record personal funds spent on expenses and assets for my partnership business in QBO?' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'How do I record personal funds spent on expenses and assets for my partnership business in QBO?', click the link below:

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business expenses: how do i track expenses for a daycare with my Quickbooks Online account? the options are “vendor, employee and customer”, but i need to track groceries, supplies, etc

You can track all those items in QuickBooks Online.  Self employed is ideal for people who need to do invoicing, track mileage, and if you mix personal and business expenses.

If you track your business expenses separately from your personal, you can still make QuickBooks Online work for you.

Vendor would be […]

Resolution for 'business expenses issue: 'how do i track expenses for a daycare with my Quickbooks Online account? the options are “vendor, employee and customer”, but i need to track groceries, supplies, etc' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'how do i track expenses for a daycare with my Quickbooks Online account? the options are “vendor, employee and customer”, but i need to track groceries, supplies, etc', click the link below:

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business expenses: Why is the charging name of my hotel room the companies name if i pay it am I being charged aswell

I want to make sure we’re on the same page.

Are you talking about hotel room expense that’s supposedly paid by the company/employer? If so, you might need to ask your supervisor if they will reimburse the amount you paid for the hotel room.

I’ve also got an article that might come in […]

Resolution for 'business expenses issue: 'Why is the charging name of my hotel room the companies name if i pay it am I being charged aswell' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'Why is the charging name of my hotel room the companies name if i pay it am I being charged aswell', click the link below:

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business expenses: I’ve got a solo 401(k) that I’d like to make contributions to. How should I categorize this type of transaction in QB? Would it fall under “Other business expenses”?

It’s an owner’s draw, which is an equity account. It is not an expense of the business since you […]

Resolution for 'business expenses issue: 'I’ve got a solo 401(k) that I’d like to make contributions to. How should I categorize this type of transaction in QB? Would it fall under “Other business expenses”?' available: Yes.

The business expenses 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 business expenses issue yourself by looking for a resolution described in the article. If it is a complex business expenses issue or you are unable to solve the issue, you may contact us by clicking here or by using other business expenses support options.

For more information about resolving issues related to business expenses in Quickbooks/QBO or to get support for the issue 'I’ve got a solo 401(k) that I’d like to make contributions to. How should I categorize this type of transaction in QB? Would it fall under “Other business expenses”?', click the link below:

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