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LAM8
May 9, 2020 3:04 PM UTC
Question

Expenses

If in order to participate in a self-employed business (Max International), you are required to make purchases every month - and you actually get products that you can use personally in this monthly purchase - what kind of an expense is this and how do you handle same?

1 reply

JamesM
May 11, 2020 5:54 PM UTC

Hi there,

 

Making sure your transactions are recorded correctly is a good exercise for preventing errors in your books. 

 

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help.

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