How to categorize LLC annual report expense?
justme
Member Posts: 5
Hello, so I paid for the LLC Annual report as required by law. but it doesn't seem to have a category. How do i account for this?
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justme
Member Posts: 5
Hello, so I paid for the LLC Annual report as required by law. but it doesn't seem to have a category. How do i account for this?
Comments
@justme,
You can add an operating expense for Fees and Permits or Taxes-Other. Go to Accounting/Chart of Accounts/Expenses and add and operating expense. Categorize accordingly.
Thanks Mike! I made a category called "legal fees" which deals with all the legal stuff we have to do for up keep.