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April 15, 2023
Question

How to treat Towing expenses?Our car had to be towed as it broke down, what account should it go in? Repair and maintenance?

  • April 15, 2023
  • 1 reply
  • 1 view
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1 reply

QuickBooks Team
April 17, 2023

Hi Indresh,

 

Welcome back to Community!  It's important that you're able to record your expenses accurately to ensure a positive outcome on all areas of your books.  QuickBooks Online enables you to enter your transactions and apply them to specific accounts, along with the ability to add new accounts as you see necessary.  However, to ensure you're entries are aligned with government guidelines, I recommend speaking with an accounting professional for the best course of action with recording the towing expenses.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

Please don't hesitate to reach back out if you have any other questions.  We'd be happy to assist!