Skip to main content
M
MWB1
October 7, 2023
Question

Fuel costs for digger and dumper

  • October 7, 2023
  • 1 reply
  • 0 views

I have a small business doing groundwork. I use fuel for my digger and dumper and charge the customer for this. Am I right to categorise this as goods for resale since I buy the fuel but then charge the customer. 
I use the simplified mileage tracker for fuel for my truck but wasn’t sure where to put plant fuel

1 reply

Angelyn_T
Angelyn_T
October 7, 2023

Welcome to the Community forum, @MWB1. It's my top priority to assist you in categorizing your fuel transaction accordingly.

 

Yes. You're right in categorizing your transaction as goods for sale since you charge this to your customer. However, I'd still encourage you to consult your accountant or bookkeeper for expert advice and tailored guidance for your business needs.

 

Additionally, I recommend exploring these resources as references to learn more about simplified expenses and the distinction between allowable and disallowable expenses in QBSE:

 

 

Let me know in the comment below if you have follow-up questions while categorizing your transactions. I'm just a few clicks away to help you again. Have a good one!

Terms & ConditionsAccessibility statement