Hello,
I was wondering if anyone has an idea how to do this in Quickbooks (currently I use QBO and a separate software to accomplish my goals, and it would be nice to get rid of the latter).
If it helps, I do not use QBO for invoicing, sales, or vendors and I don't plan to. So I am less concerned with everything "jiving" for a perfect P&L or report. I only want to make it work for my expense reconciliation for tax purposes.
Additionally, I don't need help figuring out what my % should be, I have had this worked out by a professional before.
I have a home daycare business and when I reconcile expenses, some of them are claimed at 100% for the business, and others at a %. I don't know how to track the non-100% business expenses effectively in QBO. Those are expenses are purchased using my personal credit card and will still need to be categorized (i.e. I cannot just lump them into one category, they have to be assigned to landscaping, maintenance, office, etc.).
If the problem of categorization is solved where I can separate my 100% business versus not 100% business expenses, I was wondering if there is a way to have QBO calculate the % of the expense that's business related if I provide the % value. That part is less important to me as I could theoretically do that myself easily in excel if I have the category totals.
Whatever the solution is, ideally it would be available in the simple start option. I really don't need the functionality of the higher price point subscriptions as I have no need for all of those add-ons. Someone mentioned to me class tracking but of course it's not available in the simple start.
Thank you!
