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Subject Author Date
Car/Insurnace or Insurance/Car? How categorize? me 05-09-2006
Posted by Frederick on May 9, 2006, 5:20 pm
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 I use two cat's. (1) Automotive with sub of Insurance. That gives me an
immediate report of all expenses associated with Automotive and (2)
Insurance with sub cat's of all others - Housing, Contents etc. (Aus
Version)
Regards Frederick

> Curious how you guys are handling certain things that
> can be categorized multiple ways?
>
> Example.... your car insurance?
>
> Do you categorize it under the "car" category as sub
> cat of "Insurance"
>
> Or do you have a separate "Insurance" category and sub
> cat of "Car"?
>
> I know it can be done either way .... but what have YOU
> found works best for you and why?



Posted by me on May 9, 2006, 5:50 pm
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>I use two cat's. (1) Automotive with sub of Insurance. That gives me an
>immediate report of all expenses associated with Automotive and (2)
>Insurance with sub cat's of all others - Housing, Contents etc. (Aus
>Version)

Thanks

Appreciate the advice

Posted by danbrown on May 9, 2006, 6:56 pm
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I use Transport/Insurance, Household/Insurance and Medical/Insurance
respectively.

Insurance, as a collective group, doesn't appear anywhere on my tax
returns ... but SOME insurance expenses are tax-deductible since my
wife & I are both self-employed and they're self-emp business expenses.

I try to align my Q income and expense categories so that I've got a
very straight-forward import into TTAX.

db


Posted by Arnie Goetchius on May 9, 2006, 9:31 pm
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me@privacy.net wrote:
>
>> I use two cat's. (1) Automotive with sub of Insurance. That gives me an
>> immediate report of all expenses associated with Automotive and (2)
>> Insurance with sub cat's of all others - Housing, Contents etc. (Aus
>> Version)
>
> Thanks
>
> Appreciate the advice

I do the same thing.

Posted by me on May 10, 2006, 9:56 am
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>Insurance, as a collective group, doesn't appear anywhere on my tax
>returns ... but SOME insurance expenses are tax-deductible since my
>wife & I are both self-employed and they're self-emp business expenses.

Ah... good point I hadn't thought of!

Thanks

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