What do restaurant/caterers classify their vendor's expense as?

Hello and welcome to the QuickBooks Community!

It's great to have you with us and I'm thrilled to see you're using QuickBooks Self-Employed. I know categorizing expenses not only helps you keep things organized, but ensures things are recorded correctly for tax time. I'll help you find out how to classify restaurant and catering expenses.

There are a number of expense categories to choose from in QuickBooks Self-Employed. When you're not sure which to pick, it's best to touch base with an accountant or bookkeeping professional. They'll have the best knowledge when it comes to these situations and can work with you based on your business's specific needs.

Wishing you the best with your business! Feel free to stop by again. :)

Hi info1126

Entering expenses is about more than just getting the bill in, but also being able to review expenses and see where you're spending your money.  When you think about what you're spending your money on,  you want to keep an eyeball on the things that you spend the most on.

- food (do you spend enough you want to sub-divide this into meat, canned goods, spices, etc)

- beverages (generally you'd want to record wine/liquor/beer separate from non-alcoholic)

- office expenses (paper, pens, etc)

When you have a good idea about where you spend your money, create those accounts in Quickbooks!  Then when you print your profit and loss statement you can see where you're spending your money, and if you look at your statement one month and one of them is 'higher than normal' you  can dig into it to see why.