Expenses · Logging
Where do I put a truck or equipment payment?
ComputerQuick actions at the top of the sidebar. Log an expense, category Vehicle (or Equipment); Taxes, then Depreciation for the truck itself.
PhoneOpen Home, then + New and Log an expense. Taxes, then Depreciation.
Log the monthly payment as an expense so the cash leaving the business is tracked — Vehicle for a truck or van, Equipment for a machine — and if the payment comes through a connected bank it arrives categorised and you only check it. The truck itself is not an expense: it belongs on the Depreciation worksheet on the Taxes page, where the cost is spread over the years the IRS allows, and the loan's interest is the part of each payment that is deductible. How much of a loan payment counts against your tax is a question for your accountant; DeskOps shows the estimate and the worksheets, and files nothing.