topic I am a personal chef and also cater small events. I use quick books and I am wondering how to categorize my grocery fees and expenses? in Get your taxes done using TurboTax

I am a personal chef and also cater small events. I use quick books and I am wondering how to categorize my grocery fees and expenses?

cafegrl08 — Tue, 04 Jun 2019 23:37:00 GMT

Your grocery costs could be categorized as Inventory, and...

IsabellaG — Tue, 04 Jun 2019 23:37:03 GMT

Your grocery costs could be categorized as Inventory, and your supplies would be listed under Supplies.

Under Common Expenses (if you listed your business as Catering) you will see a place to enter food purchases (produce, baking ingredients, etc.) and also your Catering supplies (disposable trays, flatware, dishware, napkins, runners, etc.).

For Inventory, if you purchase your groceries on an as-needed basis, you won't actually have a beginning and ending inventory, so you can enter zero in both places on that screen. Then on the screen Let's get the costs of your goods you would enter the amount of your purchases for the year.

[Edit 01/18/18 9:34 AM]

@cafegrl08 , please see the edited response, and the scre...

IsabellaG — Tue, 04 Jun 2019 23:37:07 GMT

@cafegrl08 , please see the edited response, and the screenshots that I included.

Thank you! This is really helpful. @TurboTaxIsabellaG

cafegrl08 — Tue, 04 Jun 2019 23:37:09 GMT

Thank you! This is really helpful. @TurboTaxIsabellaG

Glad I could help!

IsabellaG — Tue, 04 Jun 2019 23:37:10 GMT

Glad I could help!