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deducting cash purchase

Discussion in 'Business Operations' started by grass disaster, Dec 6, 2013.

  1. DEPENDABLE LANDSCAPING

    DEPENDABLE LANDSCAPING LawnSite Bronze Member
    Posts: 1,343

    The bill of sale is all you need for irs
    Posted via Mobile Device
     
  2. STIHL GUY

    STIHL GUY LawnSite Fanatic
    from CT
    Posts: 5,225

    Just take the amount of cash needed out of the business account and the bill of sale will show that cash as being used to buy the trailer
    Posted via Mobile Device
     
  3. McFarland_Lawn_Care

    McFarland_Lawn_Care LawnSite Bronze Member
    Posts: 1,384

    What I do is write a check out to "CASH" from my business account and then in the Memo write what is going to be buying. Then of course a Bill of Sale as well, but that helps me track it a little easier.
     

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