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Old 03-10-2002, 01:35 PM
bruces bruces is offline
LawnSite Senior Member
 
Join Date: Jun 2001
Location: Independence, MO
Posts: 648
Depending on how you are accounting for truck expenses, you probably need to set up a separate account for equipment fuel and one for vehicle fuel.

If you don't, and you want to use mileage instead of actual expenses for vehicle expenses, how will you know how much is for the truck and how much was for equipemnt?

Your accountant needs to know the dollars, not the gallons, unless he is also filing for the off road gas tax credits for you.

Trust me, the less information you can give your accountant that will let him do your financial or tax return correctly, the better they will like it and the cheaper it will be for you.
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