Matthew When you write the check to Schaff for the parts, in the category column, write, Parts. The same for advertising, car expenses, etc etc. At the end of the year, all the categories are totaled. As Andrew said, I highly recommend you get an accountant to do your taxes. But he is still going to ask you for the numbers. That is why you need to have category for each type of expense. My accountant back in St. Louis (my son does my taxes now), had a number assigned to each expense. (409 for contract labor, 440 for supplies, etc.) He might also give you a worksheet, which will help organize all your information. The first year will be the most dificult. But then in subsequent years, the worksheet will include last years information, and you can compare how you did from year to year. Wim -----Original Message----- From: Matthew Todd <toddpianoworks at att.net> To: pianotech <pianotech at ptg.org> Sent: Thu, Feb 24, 2011 3:49 am Subject: [pianotech] Quick Quickbooks Question Does anyone else here use quickbooks for their financials? Could some of you please e-mail me and let me how I classify wholesale parts cost seperate from my income? I'd rather not pay taxes on parts that I purchased for customers. Thanks! TODD PIANO WORKS Matthew Todd, Piano Technician (979) 248-9578 http://www.toddpianoworks.com -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech.php/attachments/20110224/2f93136f/attachment.htm>
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