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Power Equipment Gas

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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)?

QuickBooks Online

RainflurryAnswer

@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.

RainflurryAnswer

@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.

L

LawnMonkeyAuthor

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

@LawnMonkey

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

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