Skip to main content
Sep 3, 2024 9:36 AM UTC
Question

personal use of company car (pucc) expense entry

Friends!

Can someone share how to create the expense or properly reflect personal use of company car so it ties to payroll?  I use a service other than QB payroll, and when that service runs and I provide a mileage figure to create the non-cash compensation so it can be taxed, it has to tie back to QBO.  Unlike cash compensation where there's a liability account that eventually is offset by the money going out, I can't figure out the journal entry for the PUCC non-cash compensation.

1 reply

Sep 3, 2024 10:23 AM UTC

Hello and welcome to the Community, aas3

 

We're unable to provide specific guidance on the accounts to use for a journal entry as this falls under the realm of accountancy advice. 

 

Please contact your bookkeeper or accountant for best practice. If you don't already have an accountant, you can find a QuickBooks certified advisor near you on our online directory. 

 

Thanks for reaching Intuit support today. We'll be here if you have further questions or require additional assistance.