Categories for purchases

Login_names_are_for_children · ‎March 07, 2022

I recently started a Ltd company, and I need to put my purchases into categories. Nothing seems like a clear place to log things...

This is a building/renovation firm.

What category would I use for tools/equipment that I purchased e.g. a hammer?

What category would I use for products that I purchased for use in the job e.g. a piece of wood?

What category would I use for a specialist company working on site e.g. a new water supply?

Thanks in advance

Ashleigh1 · ‎March 07, 2022

Hello Login_names_are_fro,

Welcome to the Community page,

Unfortunatly we are unable to advise what type of account to use to put them against as we are not trainned accountants just technical support. We wouid advise you speak to a trained and Qualified accountant who will be able to help and guide you on the correct way to record this in your account.

We open this up to any accountants who are able to help thanks.

View solution in original post

Ashleigh1 · ‎March 07, 2022

Hello Login_names_are_fro,

Welcome to the Community page,

Unfortunatly we are unable to advise what type of account to use to put them against as we are not trainned accountants just technical support. We wouid advise you speak to a trained and Qualified accountant who will be able to help and guide you on the correct way to record this in your account.

We open this up to any accountants who are able to help thanks.

Login_names_are_for_children · ‎March 07, 2022

So, your answer is; 'don't ask us'...?

Thanks for your 'help' on such a simple question.

I guess the real question is why has Intuit made their software so ambiguous that they can't even give a sensible answer...

Login_names_are_for_children · ‎August 01, 2022

This is not a solution, not even close. This is something an incompetent idiot would give who had no idea on how their software works nor what it is used for.

FYI to someone who is lost and needs help, you can create your own categories that are better suited to your business.

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