Categorize Fax Voucher For Free

For a business, miscellaneous expenses might include costs for office supplies, postage, small equipment, staff welfare activities, bank service charges, or any other minor expenses that don't clearly fall under a specific category like ?rent? or ?salaries.?

How to Enter Freight or Postage into QuickBooks? Step 1: Navigate to your QuickBooks account. ... Step 2: Now move on to the left side. ... Step 3: In the provided box, Choose Other Charge. Step 4: Provide a name for the specific item like Shipping or Freight. Step 5: In the given Account field, select an account to use .

Shipping and Handling - This is a common category for businesses that ship products to customers. Postage would fall under this category since it is a cost associated with shipping products.

The cost of shipping supplies on hand will be reported as a current asset on the balance sheet and the shipping supplies used during the accounting period will be reported on the income statement as Shipping Supplies Expense.

Postage, telephone bills, and general office supplies shared by all departments also typically are not classified as operating expenses. Instead, these general expenses are considered administrative costs.

Office Supplies: If the printing is being used for general office purposes, such as printing documents or creating presentations, then it would likely fall under the office supplies expense category.

?Postage and Carriage? is under overheads and the description suggests that is for expenses you incur when shipping things to your customers. This would normally have a zero or debit (red) balance on P&L.