How Should You Categorize Different Business Expenses on Schedule C?

[Jules711]

So...what do you put your expenses under?

I mainly have #'s under:
Advertising
Car & Truck expenses
Office Expense
Supplies
Meals & Entertainment

I see a lot of lists for different categories, but not anything that actually corresponds to the Schedule C! I would appreciate any help b/c I'd really like to be doing the right. Thanks!!

 

[Jules711]

bumping....anyone on here that can help?

 

[sfdavis918]

I had yours plus a training expense. Oh, and marketing. I put my constant contact subscription there.

 

[Jules711]

I'm talking about the actual categories on the Sch C though. Not the ones that we come up with, but the ones that correspond to the tax form. I'm curious what people consider to be advertising, supplies (see my list above). Where do you put show expenses (food?). Where do you put conference & expo fees? Where do you put the categories that you've come up with?

 

[kam]

I think my acct just separated them into 2 or 3 catagories. I will look when I get home. I think car mileage was in one and maybe everything else was in another??

 

[etteluap70PC]

I have categories on PP that help me make sense of everything. I then group things together to go on my schedule C. I just mark it on my PP printout which catagory I put in when I filed my taxes. Just do your best. As long as you have receipts and everything is documented you should be fine.

 

[Jules711]

That's what I do so far. But I feel like I'm just guessing and try to do it more correct each year.

 

[kam]

OK, my accountant just separated out a few things.

Some of the categories on the schedule C don't really match our categories.

He put in an amount for (9) car expenses, (18) Office expense and (22) Supplies.

Actually the bulk went under (22) Supplies.

I guess this is OK?? I have all receipts.