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H
Hesam
February 21, 2023
Question

How and where to categorize Mobile Device purchase?

  • February 21, 2023
  • 1 reply
  • 0 views

Hello, 

 

I bought a mobile device and a case with my personal name for my company in separate transactions via my business credit card.

Where to categorize the device and its case?

I know some deprecation rate will be added to the device and its case. So, I am not sure which category is suitable for this case.

 

Any help on this issue would be appreciated. Thank you.

1 reply

J
JamesM4
February 21, 2023

Hi Hesam,

 

Thanks for connecting with us here. QuickBooks is a versatile program that helps you to manage your work with peace of mind. I'll be happy to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting professional for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below. 

H
HesamAuthor
February 21, 2023

Hello James,

 

Thank you for your reply.

I do inform my accountant about these kind of transactions when they work on my year end. Meanwhile, I am looking for a way to record it correctly.

I found Expense/Phone/Deprecation and categorized them under this category but I am not sure if this is the right category. Please let me know if it is not a proper category. Thank you.

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