Question
personal use of company car (pucc) expense entry
Friends!
Can someone share how to create the expense or properly reflect personal use of company car so it ties to payroll? I use a service other than QB payroll, and when that service runs and I provide a mileage figure to create the non-cash compensation so it can be taxed, it has to tie back to QBO. Unlike cash compensation where there's a liability account that eventually is offset by the money going out, I can't figure out the journal entry for the PUCC non-cash compensation.