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info1987
January 17, 2024
Question

My Income Tax report isn't showing my fixed asset expenses, they are equipment for stage performances not buildings, how do I get them included in my business expenses?

  • January 17, 2024
  • 1 reply
  • 0 views
This is the first year doing it through QuickBooks online. We are illusionists so we buy props. They normally go through I understand it as capital allowances/fixed assets, as they are large purchases which are used for years to generate income. 
At the moment they aren't being included in my tax report
What have I done wrong? 
Thankyou  in advance

1 reply

MJoy_D
MJoy_D
January 17, 2024

Welcome and thank you for choosing QuickBooks Online (QBO), @info1987. I can help you with running your reports. 

 

Can you tell me more about what kind of report you're trying to generate? A screenshot will also be a great help in identifying this concern. Also, can you share with us how you've added these expenses in QBO? 

 

First, try to check the date range that you set in the report. After opening the report, click the Report period dropdown on top of the report. Set the right date range. Check out this article for more information about running and adding all filters to your report to get all the information that you need: Customise reports in QuickBooks Online.

 

From here, you can memorise reports in QuickBooks Online to save it with its current customisation settings so you can easily find, run, and export to excel the next time.

 

Let me know if you need further help with your reports. I'm always here to answer them for you. Have a wonderful day!

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