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

How do I record paid property tax on desktop quickbooks?

I apologize if this question has been asked before. I looked but couldn't find an answer. 

I just started doing  bookkeeping myself. I paid my summer property tax. How do I record the paid property taxes on quickbooks desktop. Does it matter if the property is owned by me or my corporation?

Thank you for your help.

2 Comments 2
BigRedConsulting
Community Champion

How do I record paid property tax on desktop quickbooks?

It depends on how you paid them.  If you wrote a check from the business checking account, or the taxes were drawn from that account, then write a check in QuickBooks.

 

If the taxes are a business expense, then use an expense account for taxes.  If not, if they're a personal expense, then use an Equity account on the check as you basically drew money from the business by paying your personal expenses with a business account.

 

You also might check to see how the taxes have been being recorded in the past, which is probably correct.

 

 

Hashen
Level 1

How do I record paid property tax on desktop quickbooks?

Thank you for a quick response. I wrote a check from the business account. I guess I will enter it as write check and categorize it at 'property tax-expense'. 

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