Skip to main content

Site Navigation

Your Account

Choose Language

do I need all 19 catagory when setting up accounting?

There are several expense catagories that don't seem to apply to operation. Like accounting and communication, I dont get statement from providers they just bill my account. Do I need have them, along with rent/lease and wages?

Answer this question I have this problem too

Is this a good question?

Score 0
Add a comment

1 Answer

Most Helpful Answer

You will definitely need accounting. You will have several accounting expenses. The very system you are using to keep track of your accounting will have at least some cost involved. If you hire an accountant or pay a fee to use turbo tax to file your tax return, it goes in this category.

Do you have a cell phone? That's communication. I also put my Sirius radio subscription under communication. Qualcomm fees, fax messages, the internet service you use when you're reading this message, or even postage goes in this category too. I'm sure you have at least one of those.

You may not need all of them; however, you likely will have most of them.

Was this answer helpful?

Score 1
Add a comment

Add your answer

Michael Gandee will be eternally grateful.
View Statistics:

Past 24 Hours: 0

Past 7 Days: 1

Past 30 Days: 2

All Time: 148