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Level 4
June 3, 2019
Solved

Where do I enter equipment warranty contract payments?

  • June 3, 2019
  • 1 reply
  • 6 views

We make monthly payments on extended warranties for our equipment.  Where is the best place to enter the payments?  Repairs and maintentance?  Dues and subscriptions?

Best answer by

You could term it repairs or you could enter it as a miscellaneous deduction with the explanation, "equipment warranty".

1 reply

Answer
June 3, 2019

You could term it repairs or you could enter it as a miscellaneous deduction with the explanation, "equipment warranty".