3652189

On an s corp, where do we put the maintenance and fuel cost if a reimbursement was also paid

posted

Connect with an expert

1 Reply

On an s corp, where do we put the maintenance and fuel cost if a reimbursement was also paid

You have two choices:

1. Enter reimbursement as other income and deduct the expense as maintenance, etc. expense.

2. Use the same expense account to report reimbursement received and the expense incurred (basically, having a wash).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post