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Updated about 3 years ago on . Most recent reply

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Kevin Yang
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How should you categorize your business expenses?

Kevin Yang
Posted

Hey guys,

Me and my partner have been setting up our property to start doing business in short/mid term rentals! We have a lot of business expenses such as labor from contractors, appliances, furniture, tools, etc. We connected our accounts to QuickBooks and wanted to know what the best way to categorize expenses that is organized for an accountant.

Let us know!

Thanks,

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Eliott Elias
  • Investor
  • Austin, TX
5,566
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Labor Costs, Furnishings and Equipment, Marketing Costs, Utilities, Insurance, Property Management, Rent. 

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