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business funds: Can I deduct the cost of buying a vehicle for business use?

Perhaps it helps to review Expense and Expenditure.

Expense is, for instance, Printer Paper and electricity = Poof! All Gone, every time you pay for it.

When you Buy an Asset, you traded money (an asset) for something tangible (touchable and right there, to be seen) and Of Value (that same cost […]

Resolution for 'business funds issue: 'Can I deduct the cost of buying a vehicle for business use?' available: Yes.

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

For more information about resolving issues related to business funds in Quickbooks/QBO or to get support for the issue 'Can I deduct the cost of buying a vehicle for business use?', click the link below:

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business funds: As a Sole-Proprietor Federal and state income tax payments are not an expense, so what account do I attach to these payments ?

as a sole proprietor your tax payments are an equity draw if paid from the business funds

For a company taxed as a sole proprietor (schedule C) or partnership (form 1065), I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership)

[name] Equity (do […]

Resolution for 'business funds issue: 'As a Sole-Proprietor Federal and state income tax payments are not an expense, so what account do I attach to these payments ?' available: Yes.

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

For more information about resolving issues related to business funds in Quickbooks/QBO or to get support for the issue 'As a Sole-Proprietor Federal and state income tax payments are not an expense, so what account do I attach to these payments ?', click the link below:

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business funds: If an S-Corp does frequent online transfers from Business to Personal Acct and from Personal Acct back to business what is the process for recording this in QBO?

Let’s review that a Corporation has no Owner. It has shareholders, but is considered to be its own Entity. The Supreme Court ruled on this.

The Activities for these takings should not be Frequently. The company’s CPA should be telling this person about these issues. You don’t want to treat the […]

Resolution for 'business funds issue: 'If an S-Corp does frequent online transfers from Business to Personal Acct and from Personal Acct back to business what is the process for recording this in QBO?' available: Yes.

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

For more information about resolving issues related to business funds in Quickbooks/QBO or to get support for the issue 'If an S-Corp does frequent online transfers from Business to Personal Acct and from Personal Acct back to business what is the process for recording this in QBO?', click the link below:

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business funds: How can you pay your Personal Credit Card with your Sole Proprietorship Business Funds?

Anything tgat the business pays for the individual owner is Owner Withdrawal, an equity account

Resolution for 'business funds issue: 'How can you pay your Personal Credit Card with your Sole Proprietorship Business Funds?' available: Yes.

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

For more information about resolving issues related to business funds in Quickbooks/QBO or to get support for the issue 'How can you pay your Personal Credit Card with your Sole Proprietorship Business Funds?', click the link below:

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business funds: Does a fixed asset need to be logged as an expense also?

If you purchased an asset this is how to record it:

To show the asset purchase with business funds, go to plus sign (quick create) button>check>then enter the payee>the amount of the purchase>and under the expense part of the transaction>put the fixed asset acct.

Depreciation can be entered with a journal entry. […]

Resolution for 'business funds issue: 'Does a fixed asset need to be logged as an expense also?' available: Yes.

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

For more information about resolving issues related to business funds in Quickbooks/QBO or to get support for the issue 'Does a fixed asset need to be logged as an expense also?', click the link below:

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