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Buy nowHi Deb,
I'm comfortable with the process for adding expenses, but thanks for confirming! What I would like to know is this:
The total indicated on the receipt is $72.99. But there are two items listed: One item, which is a business expense with a cost of $58.26; and another item, which is a personal expense with a cost of $7.95. The total tax for both items is listed as $6.78.
I'm assuming that:
(1) I should calculate the proportional tax for the business expense and add that to its cost, which would make the total cost for the business expense $64.23; and
(2) When I enter the expense into QuickBooks, even though the receipt itself says $72.99, I should enter $64.23 as the amount of the business expense.
Yes?
Thanks!
Lauren