How can I track non-deductible donated business services?
My husband and I have a photography business. He sometimes shoots an event for a business as a courtesy. I know his time is not tax-deductible, but we would like to track the value of the services. If I create an invoice for the time given, how can I zero it out without messing up our books?
Answers
-
Simply, I would create spending categories that have no Tax Line Item defined.
0 -
First thought, without actually trying in my own file … how about creating a "courtesy" Business Expense category … and then showing the "income" for the invoice as coming from that same category … which will zero it out?
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0
Categories
- All Categories
- 62 Product Ideas
- 35 Announcements
- 223 Alerts, Online Banking & Known Product Issues
- 21 Product Alerts
- 704 Welcome to the Community!
- 672 Before you Buy
- 1.2K Product Ideas
- 54K Quicken Classic for Windows
- 16.4K Quicken Classic for Mac
- 1K Quicken Mobile
- 812 Quicken on the Web
- 115 Quicken LifeHub

