Add a Memo to remind yourself of the reason for the lunch (very important!) and attach a photo of the receipt if you take one. Since youre going to bill this to the customer as a part of your project fee, click in the Billable box to create a checkmark. You can attach a picture of a receipt if youd like. QuickBooks Online allows you to thoroughly document expenses. Under Category details, select the correct category from the drop-down list and enter a Description and Amount. Fill in the fields at the top of the screen with details like Payee, Payment date, and any Tags you want to specify. Click the down arrow in the New transaction button and select Expense. Hover over Expenses in the navigation toolbar and click on Expenses. You still have to enter it as an expense on the site so that when your credit card statement comes, you can match the credit card transaction to the expense you recorded. You charged it to your company credit card, which you track in QuickBooks Online.
Lets say you just had lunch with a vendor to discuss some products youre planning to buy for a project youre doing for a customer. Or you can snap a photo with your phone using the QuickBooks Online mobile app to document the money spent. You can create a record on the site itself. QuickBooks Online provides two ways to enter expenses. And two, you never know how an extra $42.21 under Meals and Entertainment might affect your income taxes. When you disregard even small expenses, you can have two problems. Or you pick up a ream of printing paper and a cartridge at the office supply store and neglect to record the purchase. You figure its not that much money, anyway. Its easy to go out to lunch with a client and forget to save the receipt. But are you as careful about your purchases?
You record payments as soon as they come in and deposit them in your companys bank account. You undoubtedly keep a very close watch on the money coming into your business. The money you spend to run your business must be recorded conscientiously for your taxes and reports. Record Expenses in QuickBooks Online and On Your Phone
0 kommentar(er)
