Why do you have to go to that level of detail?
They purchased fuel. It's a simple transaction. Line 9 item.
http://www.irs.gov/pub/irs-pdf/i1040sc.pdf
Having the amount recorded in a category for vehicle fuel expense is suffice. Keeping the receipt in a file folder for 3 years is the only other requirement.
You get out of these programs exactly what you put into it. Same as any other computer program. Garbage in, garbage out. The deeper you put your detail into them, the more detail you get out of it.
If you aren't willing to take the time to put in to set up your schedules, tax forms and other stuff, then you get nothing out of it and you may as well put all your receipts into a box and take them to an accountant every month.
Office programs
Discussion in 'Ask An Owner Operator' started by E&J, Jun 29, 2012.
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ok any new info on the ACCOUINTING, FUEL, AR, AP, TAXES, AND EMPLOYEE PAYROLL????
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Contact an accountant or use the search function.Saddletramp1200 Thanks this.
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