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TM23
Level 1

How do I record construction equip rental costs in QuickBooks online? I rent const. equip. for my company to perform its service and am unsure how to enter the expense

 
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Best answer January 05, 2019

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Rustler
Level 15

How do I record construction equip rental costs in QuickBooks online? I rent const. equip. for my company to perform its service and am unsure how to enter the expense

Enter the payment, and use the equipment rental expense account as the expense for the payment.  Create the account in the chart of accounts if needed

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3 Comments 3
Rustler
Level 15

How do I record construction equip rental costs in QuickBooks online? I rent const. equip. for my company to perform its service and am unsure how to enter the expense

Enter the payment, and use the equipment rental expense account as the expense for the payment.  Create the account in the chart of accounts if needed

jackpotconcrete
Level 2

How do I record construction equip rental costs in QuickBooks online? I rent const. equip. for my company to perform its service and am unsure how to enter the expense

The only issue with that is if you were also getting the operator it will not put it for a 1099 when you listed as equipment rental. my problem is if I put it as a subcontractor to where I can get a 1099. It’s technically not listed right because I’m renting equipment and it just comes with the operator

JaeAnnC
QuickBooks Team

How do I record construction equip rental costs in QuickBooks online? I rent const. equip. for my company to perform its service and am unsure how to enter the expense

Hello there, @jackpotconcrete. I'll help you record an equipment rental in QuickBooks Online (QBO) with an operator that's tracked for 1099.

 

If you haven't yet, you'll need to create two separate Expense accounts to track the equipment rental and 1099. However, I recommend reaching out to your accountant for the specific detail type to use. 

 

Then, set up the operator as a contractor to track them for 1099. Here's how:

 

  1. Go to Payroll and select Contractors.
  2. Click Add a Contractor.
  3. Enter your contractor's info, or check the Email this contractor box so they can fill it out.
  4. Once done, select Add Contractor.

 

Here's detailed information about the process: Set up contractors and track them for 1099s.

 

Once done, use the appropriate Expense account when paying the equipment rental and the operator. 

 

I'll share these articles to guide you in preparing and filing your 1099s in QBO: 

 

 

Keep in touch if you have additional clarifications about your expenses. I'll be glad to join the conversation to assist you further. Stay safe, and have a great rest of the day.

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