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silverhill16
Level 1
posted
‎10-15-2018 05:55 PM
last updated ‎November 08, 2018 1:53 PM

My furniture/antique business has a storage unit. what account should I charge this expense to?

 
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Best answer 10-15-2018
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Raywhite28
Level 7
‎10-15-2018 05:55 PM

My furniture/antique business has a storage unit. what account should I charge this expense to?

Could be rent, could be storage fees, could be what you would like to call it. You can also, ask your accountant what they prefer.

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Raywhite28
Level 7
‎10-15-2018 05:55 PM

My furniture/antique business has a storage unit. what account should I charge this expense to?

Could be rent, could be storage fees, could be what you would like to call it. You can also, ask your accountant what they prefer.

View solution in original post

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qbteachmt
Level 15
‎10-15-2018 05:55 PM

My furniture/antique business has a storage unit. what account should I charge this expense to?

It is Rent Expense, and you most likely need a W9 from them, as this is reported using 1099-Misc box 1.

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