Car parking receipts - a legitimate expense

Hello Mon-Gella,

Do you have the mileage tracker turned on?

Thanks,

Talia

Hi Talia. No.  I never have used the tracker, because my work miles are far fewer than my personal miles.  Anyway, this is about car parking receipts, not mileage, so i don't see the connection.....?

Hello there, @Mon-Gella.

Car-related expenses such as fuel, toll, and parking fees may be categorized under car, van and travel expenses (Box 20). Let me provide you with details on how QuickBooks handles these type of expenses.

QuickBooks Self-Employed uses simplified expense method to calculate the allowable business expense for your car, van, or motorcycle. However, the rate is still base on the total mileage you drive not on the actual expenses. Once you generate reports for this type of transactions it will be listed under disallowable. For more detailed information, you may check this article: About car, van, and travel expenses.

I'd also recommend consulting with your accountant for you to be guided properly on the best route to take in categorizing your income and expenses.

Also, I have here these articles for additional insights:

• Mastering self-employed business expenses

• Simplified Expenses mileage method (with flat rates) versus Actual costs for vehicles

• About SA103F Categories

You can always visit us here in the Community if you have other questions. I'm always here to help.

Hi and thanks for your reply.

but I have no intention of paying an accountant to confirm what I already know - that I am allowed to claim a legitimate expense of a car park fee when travelling for business. The bigger issue here is perhaps that Quickbooks Is unable able to cope with correctly categorising a parking ticket. Are you saying there is no solution to this? I.e that I’m unable to get this moved to allowable?  Many thanks 

Great, glad the recatogorising solved the problem,any other questions feel free to reach out to us here at the Community:)

Emma