![]() ![]() With QuickBooks, you can track all of your business expenses by taking a snapshot of receipts with the mobile app or connecting your bank and credit card accounts to QuickBooks. Sign up for your free 30-day trial of QuickBooks so you can see how easy it is to keep track of all of your business finances. Visit QuickBooks What a Business Expense Category IsĪ business expense category is an organized way to group expenses for tax reporting purposes. It’s important to know what type of expenses are included or not included in a category to apply the appropriate rules when it comes to deducting them on your tax return. Instead of providing a master list that includes everything a business can deduct, the IRS has defined a business expense as meeting two requirements:. ![]() ![]() Incurred in a trade or business: A trade or business must be profit-motivated. ![]()
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