Vehicle related expense categorization

NR97 · ‎October 17, 2024

I'm reviewing my expenses but don't really know what to categorize this amazon purchase as on QBO, are floor mats and seat covers for your business vehicle considered "Vehicle expenses" or should I just categorize them as "Supplies" or "General business expense"? I'm a bit confused about what types of expenses fall under the vehicle expenses category.

Thanks a lot in advance.

FishingForAnswers · ‎October 17, 2024

@NR97 I'm not 100% on whether these specific purchases would work, but at any rate, 'General Business Expense' isn't exactly a great name, any more than 'Miscellaneous Expense'.

All that being said, it may not be relevant anyway. A significant number of people find more success taking the mileage deduction on their income taxes, and vehicle expenses and mileage are typically mutually exclusive with respect to specific vehicles.

Vehicle related expense categorization

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