Category: Expenses

  • Are Jobs required?

    —

    by

    admin
    in , ,

    We can’t say that jobs are required information for the purposes of justifying the inclusion of an expense in your tax reporting. You should, however, cleave to the notion that expenses which do not include a category will be summarized in Schedule C under Cost of Goods Sold, regardless of whether you list a particular…

  • Proofing Records

    —

    by

    admin
    in , , ,

    Expenses Fields on the expense return and their usage. Mileage Fields on the mileage return and their usage. Clocks Fields on the clock return and their usage.

  • Speaking in Pairs

    —

    by

    admin
    in ,

    This is how Requests are structured … with a message head, where the type of action and the type of record are named The rest of the Request is you, Speaking in Pairs:

  • Use-Cases

    —

    by

    admin
    in , , ,

    Track your income and your expenses to be Schedule C-ready at tax time. Track your expenses by job so you know how much you’re spending on your customers. Use the billing feature on jobs with expenses to track unpaid job expenses to simplify T & M billing for your customers. Track your mileage to keep…

  • Vehicle Expense

    —

    by

    admin
    in , ,

    A lot of people will discover that tracking and deducting mileage offers a better deal for them vs. tracking vehicle expenses. This deduction allowance is 67 ¢ per mile for 2024. Conversely, tracking vehicle expenses may include vehicle depreciation, maintenance expense, insurance, tolls and parking, and fuel. Many people find often that it is simpler…

  • Fuzzy Matching

    —

    by

    admin
    in , ,

    When you create an expense record, part of the record includes a reference to one of your payment accounts, one of you job records and one of your categories. Categories can be blank. But not jobs and not accounts. If you do not specify a value, we will do that for you. The important thing…