As finance payment on a rental cannot be offset against tax, where should they be recorded? If it is entered as an expense then it ends up as a YE deduction on the P&L.
As finance payment on a rental cannot be offset against tax, where should they be recorded? If it is entered as an expense then it ends up as a YE deduction on the P&L.
Hello Lorraine10,
Welcome to the Community page,
We would advise that you speak to a trained and qualified accountant on the best way to record this in your QuickBooks account.
As finance payment on a rental cannot be offset against tax, where should they be recorded? If it is entered as an expense then it ends up as a YE deduction on the P&L.
Hello Lorraine10,
Welcome to the Community page,
We would advise that you speak to a trained and qualified accountant on the best way to record this in your QuickBooks account.
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