cancel
Showing results for 
Search instead for 
Did you mean: 
ReginaMaxMotors
Level 1

Hello. We are used car dealership. We bought car from auction for resale (price include car price and auction fee). What category of expenses should I put it in?

 
1 Comment 1
Rustler
Level 15

Hello. We are used car dealership. We bought car from auction for resale (price include car price and auction fee). What category of expenses should I put it in?

There is no expense until the car is sold, the cost of the car plus fees and fix up repairs are all part of the car cost, usually an inventory item.

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us