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Level 1

How do I record expenses for my company office remodel in Quickbooks?

I am in the process of remodeling my office for my business.
I have downloaded the first of these expenses and need to somehow track them.
These expenses are not billable and aren't actually a job since I am my own client on this one.
What's the correct way to keep track of these expenses in QB?
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Best answer 12-10-2018

Accepted Solutions
Level 15

assuming you rent the office, they are expenses, create a...

assuming you rent the office, they are expenses, create a sub account of misc expenses called remodel or something and book them to that.

If you own the office building, there is a slight chance they might be an improvement to the asset, I would still book them to the remodel expense account and remind your tax accountant to take a look at them in case they need to be reclassified

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3 Comments
Level 15

assuming you rent the office, they are expenses, create a...

assuming you rent the office, they are expenses, create a sub account of misc expenses called remodel or something and book them to that.

If you own the office building, there is a slight chance they might be an improvement to the asset, I would still book them to the remodel expense account and remind your tax accountant to take a look at them in case they need to be reclassified

View solution in original post

Level 1

Re: How do I record expenses for my company office remodel in Quickbooks?

If you work from home and the office is part of your home - Id put under Repairs and Maintenance

Level 1

Re: assuming you rent the office, they are expenses, create a...

I build a new store and I incurred $300000 expenses for raw materials, plumbing, insulating etc

 am I to expense other stuff or are all of this to be classified as asset? 

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