Business expenses
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nveazie
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How do I manually input a business expense?
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Answers
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Just add a transaction to an account register, but make sure that the category you use has a tax line set to a schedule C tax line.Signature:
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The same as any transaction. Like in your checking or credit card account. Then categorize it to a business expense category. To be included in business reports (and I don't know where else) you have to assign the category to a schedule C tax line item number. To check the tax line assignment open the Category list by either clicking on the Category Icon or go to Tools-Category List or Ctrl+Shift+C. Then select the category and right click on it to Edit it. Click on the Tax Reporting Tab and check the box for Tax related and pick a Schedule C: tax line item.
I'm staying on Quicken 2013 Premier for Windows.
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It was pointed out to me there are two other ways to record businesses expenses.
You can right click on a transaction and select "Tax line assignments" and assign it to a Schedule C tax line, this assigns that transaction to the Schedule C tax line even if the category isn't assigned to it.
If you have Home & business there are also business tags.Signature:
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