expense account

QuickBooks Quik Tip for the Day – Car Allowance

Yes you can setup a Payroll Item that tracks car allowances, as this a taxable benefit for most employees. Here’s some quick steps on how to do this. From your Menu Bar choose List/Payroll Item List right click on your mouse New/Addition/Next. Name field – Car Allowance/Next. For the Expense Account, set up a New account to make it easier to track, we will call it Employees Car...

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