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Savvy342
October 22, 2021
Question

Employee Purchasing Equipment

  • October 22, 2021
  • 1 reply
  • 0 views

We purchased a computer setup for an employee and now the employee is transitioning to a contractor position and wants to buy the equipment. What would be the right way to record this? 

She has a bonus coming up on her next paycheck and wanted to know if she could put it toward the computer instead, but not sure how that works with taxes or the right record keeping. Would she still have to pay payroll taxes on it? Would it be easier to not go through payroll? Thank you!

1 reply

J
JamesM4
October 22, 2021

Hi Savvy342,

 

QuickBooks Online is a dynamic program that simplifies the way you manage your transactions. I'll be glad to point you in the right direction so you can get the resolution you need in a timely manner. 

 

Making sure you're recording your transactions properly is an essential step for maintaining clean books. Based on what you've described, I'd recommend reaching out to an accounting professional for expert advice on how to record the transactions. If you're not in contact with a professional, don't worry, you can search for one using this link here.

 

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back. 

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