Help needed to figure out operational expense categories

Grishma0
Level 1
Fremont, CA

Help needed to figure out operational expense categories

Hi there, I am in middle of opening my first Airbnb. We have made some expenses prior to opening and need to help to figure out how to categories all the purchases. If you have a list for pre-business expense categories list, please share.

 

many thanks,

Grishma

2 Replies 2
Lorna170
Level 10
Swannanoa, NC

@Grishma0   There is an IRS publication for completing Schedule E if you have a rental property where the income and associated expenses will be declared on your personal taxes.  

Brian2036
Level 10
Arkansas, United States

@Grishma0 

 

Waveapps.com provides accounting software that is free for the basic program.

 

There are many similar programs available on the internet.