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February 6, 2024
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Power Equipment Gas

  • February 6, 2024
  • 1 reply
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I have a landscaping business. How do you categorize fuel purchased to use for equipment (lawn mower, weed eater, chainsaw etc)?

Best answer by Rainflurry

@LawnMonkey 

 

That's up to you based on how you want to see it on your reports.  If you want to see it as a separate line item on your P&L, create an expense account called 'Fuel Expense'.  If you don't want to track it separately from other job supplies like oil, trimmer string, etc., you can use 'Materials and Supplies' or something more generic.  There's no right or wrong because it's a legitimate cost.  It just depends on how much detail you want on your reports.

1 reply

Rainflurry
February 6, 2024

@LawnMonkey 

 

That's up to you based on how you want to see it on your reports.  If you want to see it as a separate line item on your P&L, create an expense account called 'Fuel Expense'.  If you don't want to track it separately from other job supplies like oil, trimmer string, etc., you can use 'Materials and Supplies' or something more generic.  There's no right or wrong because it's a legitimate cost.  It just depends on how much detail you want on your reports.

February 7, 2024

Thank you.  That makes sense.  I was wondering if I could add it under  sub expense in the Supplies Categories as Equipment Gas.  What's your opinion on that?

Rainflurry
February 7, 2024

@LawnMonkey 

 

Creating and using a subcategory of Supplies is a great idea.