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April 4, 2019
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How do i record fuel purchases ?

  • April 4, 2019
  • 1 reply
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Best answer by AlcaeusF

Hello sales,

 

Thank you for dropping by here in the Community. I'm here to help record fuel purchases in QuickBooks Online.

 

You can use bills, cheques, and expenses to record fuel purchases into the system.  Expense is the most common as generally you pay for fuel upfront. First, you'll need to add the supplier before creating the transactions. You can create a generic one for petrol or if you would prefer to keep suppliers separate you can set one up for each place you frequent.

Here's how:

  1. On the left panel, click Expenses.
  2. Go to the Suppliers tab.
  3. Click New supplier.

 

You can then create the expense, selecting an expense account, you may want to set up a specific expense account in the chart of accounts to use for fuel expenses. That will then make it easier to track the expenses on the P & L reports . 

 

Please be sure to let me know if you need further assistance with the purchases, and I'll be more than happy to help you accomplish it.

1 reply

AlcaeusF
AlcaeusFAnswer
April 4, 2019

Hello sales,

 

Thank you for dropping by here in the Community. I'm here to help record fuel purchases in QuickBooks Online.

 

You can use bills, cheques, and expenses to record fuel purchases into the system.  Expense is the most common as generally you pay for fuel upfront. First, you'll need to add the supplier before creating the transactions. You can create a generic one for petrol or if you would prefer to keep suppliers separate you can set one up for each place you frequent.

Here's how:

  1. On the left panel, click Expenses.
  2. Go to the Suppliers tab.
  3. Click New supplier.

 

You can then create the expense, selecting an expense account, you may want to set up a specific expense account in the chart of accounts to use for fuel expenses. That will then make it easier to track the expenses on the P & L reports . 

 

Please be sure to let me know if you need further assistance with the purchases, and I'll be more than happy to help you accomplish it.

sales35Author
April 4, 2019

Hi 

 

Thank you for your reply

 

So if i  go to different petrol stations and buy fuel , i need to create a new supplier for when adding the expense each time ?

 

Would i just name the new supplier something like ' Diesel & Petrol" ?

 

Many thanks 

April 4, 2019

It's good to see you here again, sales35,

 

I appreciate your fast reply.

 

In line with your concern, you are correct. If you'd want to track the fuel purchases of different petrol stations, then you can create a new supplier and name it Petrol/Diesel. Just follow the steps provided by my colleague AlcaeusF.

 

Feel free to visit us again if you have further questions in managing your QuickBooks Online account, I'm always here to assist. Have a great day!