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posted Feb 27, 2023 5:42:09 PM

Business expense reporting - itemize or summarize?

This is my first year reporting business expenses on a small one person consulting business.  When entering business expenses, do I enter each individual expense or summarize?  For example, do I list each hotel stay or add all stays up?

Thanks.

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1 Replies
Level 15
Feb 27, 2023 5:45:13 PM

You can enter just the total for each category.  Or you can list them to keep your own record.  Then they should transfer over to the next year so you don't forget any.