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Level 2

Service vehicle repair and maintenance

We have a service truck that we do repairs to. We use this truck for road calls and to go pick up parts. My business repairs trucks and trailers, How would I record a repair to my service truck in my books?

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Best answer 10-15-2018

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Level 15

Service vehicle repair and maintenance

If the business owns the truck (LLC or corporation on the Title), then this is an operating expense. You enter this as Auto Expense.

If you want to Track it, then set up your own truck as a Customer Name and assign this for expenses and even timesheet entries. It is not billable, of course :)

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Highlighted
Level 15

Service vehicle repair and maintenance

If the business owns the truck (LLC or corporation on the Title), then this is an operating expense. You enter this as Auto Expense.

If you want to Track it, then set up your own truck as a Customer Name and assign this for expenses and even timesheet entries. It is not billable, of course :)

View solution in original post

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Level 1

Service vehicle repair and maintenance

What about if you're a sole proprietor and this is your primary vehicle?  This wouldn't be considered a Auto Expense then would it?
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Level 15

Service vehicle repair and maintenance

"What about if you're a sole proprietor and this is your primary vehicle?  This wouldn't be considered a Auto Expense then would it?"

There are two many Variables for how the tax regulations for Vehicles apply, in the US, to the different entity types. In general, a Mixed Use (personal and business miles) vehicle means you don't report Actuals as business expense.

Your "primary" vehicle is not one of the Tax Rule tests, in other words.


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