Hi,

Im a new small business owner and run an electrical contracting company out of my home in BC Canada. Looking to get some guidance on how to properly record and write off a percentage of the bills that apply to running the business. For example i use Star Link internet, Should i be paying for this on my personal card or business card? and how do i track the personal % and business % on quickbooks?

Does paying 100% of the bill on the business card then sending the appropriate % of the bill from my personal account to the business account as a repayment of loan from shareholder make sense? or should it be done differently? I live in a small town and the few book keepers here dont have room to take me on so figuring out things on my own for now.

Thanks

  • Grand_Brilliant_3202B
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    1 year ago

    Join other home service business groups in BC and find an CA you like.

    I grew up in BV now run home service industry business in Las Vegas.