What’s the difference between “office supply,” “office expense,” and “business expense”?
Posted January 20th, 2009 by admin 3 Comments »
GrinAndBear asked:
I’m setting up my accounting software. For tax purposes, what’s the difference between office supplies, office expenses, and business expenses? For example, how should I categorize the flowers I buy to decorate the office?
I’m setting up my accounting software. For tax purposes, what’s the difference between office supplies, office expenses, and business expenses? For example, how should I categorize the flowers I buy to decorate the office?
I also use small kitchen appliances in my work. I don’t want to go through the hassle of depreciating them since they don’t last very long and I use too many of them to do section 179 depreciation. How should I categorize the appliances?