Company expenses in QuckBooks?

Question

I'm helping my dad out with his finances for his company and we are both stumped. We've got an invoice for something we bought for the company and we would like to record expenses like this along with invoice information (when available) for tax reasons. Can anyone help us out? Thanks!

Answer 1

You will be able to set up expenses as you go. You can use subtitles and I always prefer to set the expense account and Cash flow exactly as it shows on the financial sheet. It will take time, but well worth it. Good luck.