Shop Option
- sixstarautomotive
- Member
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- Joined: Tue Oct 24, 2023 2:48 pm
- Location: Sandpoint, ID
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Shop Option
I would like the option in the Options Menu to have "Shop" as an option, like discount or warranty so I can properly track and document my shop vehicle work and not have to zero it all out or discount it.
- timbre4
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- Location: TN - Volunteer State
Re: Shop Option
Something to consider: A number of shops add their shop vehicles as customer/vehicle records and "pay" for the work with an internal account. This way, the value of the expenditures remain intact instead of having to be discounted or zeroed out.sixstarautomotive wrote: ↑Wed Jan 31, 2024 3:38 pmI would like the option in the Options Menu to have "Shop" as an option, like discount or warranty so I can properly track and document my shop vehicle work and not have to zero it all out or discount it.
Tim McDonnell -
Sr. Product Market Mgr / Forum Moderator / Mitchell 1 Media Developer
Sr. Product Market Mgr / Forum Moderator / Mitchell 1 Media Developer
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Re: Shop Option
I suppose another benefit of using an internal account to pay for the shop expenses would be that the shop vehicles could be assigned a use tax category that would be remitted separately from sales tax and would be a tidy way of tracking use taxes ....
- timbre4
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Re: Shop Option
Depending on local regulations, I'd think the internal shop work would not be taxable.Daniel Kreider wrote: ↑Tue Feb 06, 2024 5:45 pmI suppose another benefit of using an internal account to pay for the shop expenses would be that the shop vehicles could be assigned a use tax category that would be remitted separately from sales tax and would be a tidy way of tracking use taxes ....
Tim McDonnell -
Sr. Product Market Mgr / Forum Moderator / Mitchell 1 Media Developer
Sr. Product Market Mgr / Forum Moderator / Mitchell 1 Media Developer
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- 25 Club: Starting Contributor
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- Joined: Thu Mar 17, 2016 10:08 am
Re: Shop Option
Quite true timbre4, I just about added that as a reminder to check local regulations. Thanks for the reminder.timbre4 wrote: ↑Wed Feb 07, 2024 7:09 amDepending on local regulations, I'd think the internal shop work would not be taxable.Daniel Kreider wrote: ↑Tue Feb 06, 2024 5:45 pmI suppose another benefit of using an internal account to pay for the shop expenses would be that the shop vehicles could be assigned a use tax category that would be remitted separately from sales tax and would be a tidy way of tracking use taxes ....
- sixstarautomotive
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- Location: Sandpoint, ID
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Re: Shop Option
I appreciate the feedback, I am not sure I understand what you mean by an internal account. I have only been the owner for a year and am still learning the tax side of things.
- timbre4
- System Guru / Moderator
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Re: Shop Option
Internal account is funded (at least accounted for) by the shop itself as opposed to standard customer payment types.sixstarautomotive wrote: ↑Tue Feb 13, 2024 1:07 pmI appreciate the feedback, I am not sure I understand what you mean by an internal account. I have only been the owner for a year and am still learning the tax side of things.
It is understood that any report work billed to the internal account will be SUBTRACTED from daily cash receipts.
NOTE: Please confer with your accountant about this before making any changes to ensure you end up where you all agree where you should be on this matter.
1. Internal Account setup
2. Payment Type selector (to apply it)
Tim McDonnell -
Sr. Product Market Mgr / Forum Moderator / Mitchell 1 Media Developer
Sr. Product Market Mgr / Forum Moderator / Mitchell 1 Media Developer