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How can I record and pay a percentage of my home utility bills in QuickBooks Desktop? I have found instructions where you just make journal entries to reflect the expense and allocate it to Owner's Equity, but I don't see how that expenditure is identified as for home utilities.
Hello BertP1,
Thanks for reaching out to us here. Recording home office expenses must be accurate to avoid complications with the Canada Revenue Agency. For this reason, I recommend speaking with an accounting professional for their expertise and best course of action. If you don't have an accountant, we can help you locate a ProAdvisor in your local area.
In addition, I would like to advise you, to please be careful when you notice phone numbers being posted to connect with QuickBooks Support. QuickBooks Support team members are easily recognizable, and contact information can be found here. If you notice suspicious activity, you can report it by selecting the three dots to the right of the post, then select "Report Inappropriate Content" from the dropdown menu.
Please feel free to reach out again, if you have other questions. We would be happy to help!
I just need to know how to enter this data into quickbooks.
Hello?
Hi BertP1,
Thanks for reaching out to us. As mentionned by my collegue above, we want to make sure that recording home office expenses are accurate to avoid complications with the CRA. For this reason, I recommend speaking with an accounting professional for their expertise and best course of action. If you don't have an accountant, we can help you locate a ProAdvisor in your local area. They will be able to provide accurate solutions to entering this data into your QuickBooks account.
If you have any other questions, feel free to reply. I'm here to help.
OK, I understand what you and your colleague recommend. I am saying that I neither need nor want that type of assistance. I simply need to know how to enter and deal with this data. If there is an online manual that answers my question, please post a link to it and we'll be done.
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