cancel
Showing results for 
Search instead for 
Did you mean: 
jamie3
Level 1

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

 
Solved
Best answer October 15, 2018

Best Answers
Rustler
Level 15

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

create an expense account called internet expense

I make mine a sub account of utilities, but that is just me

View solution in original post

6 Comments
Rustler
Level 15

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

create an expense account called internet expense

I make mine a sub account of utilities, but that is just me

View solution in original post

LessTaxing
Level 1

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

I put my web expenses as a sub account of communication expenses since it's really a blog and I can communicate with clients through it.  I also use communication expenses for things like VoIP since I don't have a land line phone.

The point is, it really doesn't matter where you put it.  A deduction is a deduction.  The point of the chart of accounts is to help you generate meaningful reports.  When you get to tax time, if you put this deduction under office expenses or utilities rather than other expense, it really doesn't matter.  If you got audited and you were a complete mess...auto deductions under meals, travel under office supplies, you give the IRS a reason to dig deeper, but when it comes down to it, an allowable expense is an allowable expense.  Track the expenses in a way that best helps you run your business.

evanwkeller
Level 1

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

Is this a new company setup? Then you have many options; there is an account already created called "Computer and Internet Expense" (Acct #61700 if you have account numbers turned on in your Preferences) in many versions of QB.

If it is not a new company setup, be sure to check your preexisting expense accounts before creating a new account so you don't create a duplicate internet expense account. It could be confusing later on if you have been accruing expenses for the same service in two or more accounts.

If you do create a new account and you are a sole proprietorship using QB to help with tax returns, just be sure you put the tax-line mapping to Schedule C: Other business expenses so you get the business deduction come tax time.

jamie3
Level 1

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

Thanks for your help.  This is a new company setup as "retailer/e-commerce", however I cannot locate "Computer and Internet Expense". Where would I find this?  It isn't under Chart of Accounts/Expenses.
please call
Level 1

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

please call

TirzahC
Level 5

In the chart of accounts, were do you allocate Website design and hosting expenses to run an e-commerce business?

 

Hi, please call. 

 

Welcome to QuickBooks Community. I'll make sure that you'll be routed to the right support team and be able to speak with our QuickBooks representative. Before I route you to them, may I ask what's happening as I may be able to assist you? Please know I'm always around to help with any QuickBooks issues you may be having. 

 

To contact support:

  1. Go to the Help menu and click Contact Us
  2. Type in the description box that you need help and type your issue, then select Continue.
  3. Click Let's talk
  4. Select Get a callback or Chat

Please check out our support hours to ensure that we address your concerns on time.

 

I'm also adding this article to further guide you in effectively managing your business using QBO: Help guide for QuickBooks Online. It contains topics about advanced accounting, banking, and payments to name a few.

 

Let me know if there's anything else you need help with. Know that I'm always here to help you anytime. Take care and keep safe!

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