Quickbooks transaction for catering event

I'd be delighted to help you record the transactions, mmalone1973.

Let's begin by making expense accounts in QuickBooks Online (QBO). Then use them when you write a check, pay bills, or charge your credit card for the catering event.

Before we proceed, I recommend consulting with an accountant to determine the category type and instructions on how to apply the 50% tax deduction rule for entertainment. Once you have all of the information, proceed to set up the accounts one at a time.

Here's how:

1. Navigate to the Accounting menu on the left panel and choose Chart of accounts.
2. Click the New menu in the upper right to open the New account window.
3. From there, select the Expenses icon and fill in the field boxes with the correct information.
4. Tap the Save button to keep the newly created account.

Afterward, use the newly created accounts when you write checks or bills for your catering entries. These resources offer detailed information on creating accounts and managing your expenses:

• Add an account to your chart of accounts in QuickBooks Online
• Learn the difference between bills, checks, and expenses in QuickBooks Online

For tips on how to properly manage your cash flow, taxes, and payroll, and handle customer or vendor-related entries, click here to access our online resources.

Feel free to return to the Community if you have any further QuickBooks concerns or questions about managing catering transactions. I'll get back to you as soon as possible and make sure you're taken care of. Have a wonderful day.