![]() ![]() You charged it to your company credit card, which you track in QuickBooks Online. Let’s say you just had lunch with a vendor to discuss some products you’re planning to buy for a project you’re doing for a customer. Or you can snap a photo with your phone using the QuickBooks Online mobile app to document the money spent. You can create a record on the site itself. QuickBooks Online provides two ways to enter expenses. And two, you never know how an extra $42.21 under Meals and Entertainment might affect your income taxes. ![]() When you disregard even small expenses, you can have two problems. Or you pick up a ream of printing paper and a cartridge at the office supply store and neglect to record the purchase. You figure it’s not that much money, anyway. It’s easy to go out to lunch with a client and forget to save the receipt. But are you as careful about your purchases? You record payments as soon as they come in and deposit them in your company’s bank account. You undoubtedly keep a very close watch on the money coming into your business. The money you spend to run your business must be recorded conscientiously for your taxes and reports. ![]()
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