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To report a $29,000 roof expense in QuickBooks, you would create a new expense transaction. Go to the "New Transaction" menu, select "Expense," and enter the details of the expense, including the date, vendor, and the amount. Assign the expense to the appropriate account, such as "Roofing Expense" or "Fixed Asset" if capitalizing the cost. Finally, save the transaction to reflect the expense in your financial statements.
What else can I help you with?
Are new roofs subject to pa sales tax?
Yes and no. The cost of the roofing materials (shingles) is subject to sales tax. The cost of the installation labor is not taxable. See this page on the PA Revenue site: https://revenue-pa.custhelp.com/app/answers/detail/a_id/205 " Labor charges to install or repair items that become part of real estate are not taxable. This would include installation of such items as a water heater, boiler, or new roof."
Will your taxes go up if you fix m roof?
Fixing your roof itself typically won't directly increase your property taxes, as property tax assessments are generally based on the overall value of your property rather than specific repairs. However, if the roof repair significantly enhances your home's value, it could lead to a higher assessment during the next property tax cycle. It's a good idea to check with your local tax authority for specific guidelines in your area.
What is overheads?
Overhead are costs that are indirectly related to the sales process. For example, the cost of electricity in a factory is an overhead cost in the production of toys. To clarify - overhead costs are expenses not directly related to the production of goods for sale. While electricity would be an example of an overhead expense in a office, etc... in a manufacturing environment where electricity is directly tied to the usage of machines used to produce items (in this example toys) it would be better classified as a cost of goods sold. In almost all cases an expense such as real estate taxes or routine building maintenance would be consdiered overhead.
Is there a max of dependents you can claim?
this should be equal to or less than the number of children you have living under your roof if they are under 18 years of age.
Do your kids supposed to get any money from the income taxe refund?
Nope. Parents pay taxes, so they get the refund money. They will most likely spend it to feed you and put a roof over your heads.
What is the cost of a roof per square foot?
what is the cost of a roof per square foot
What cost to replace roof truss and corrugated sheeting on a pitched roof?
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Which is cheaper to build a hip or gable roof?
Labor cost for hip roof would be more then gable. Materials are about the same. Hip roof cost slightly more.
how much does roof coating cost?
Roof coating is very expensive. Depending on the brand you buy, it can cost anywhere from $100 to $200.
How much does it cost of shingles on 10 x 20 roof?
A roof that is 10 x 20 has an area of 200 square feet. The cost to have this size roof shingled is approximately 1,800.00.
What is an Ullage Report?
Ullage is the empty space in a container. This usually refers to a gas or oil storage container. An ullage report states the difference between the height of the cargo and the roof of the container.
How much does it cost to convert eichler flat roof to pitched roof?
High Treason!!
What is the average cost per square foot to install new roof?
Roof is 1784sq foot
What is the cost of hurricane damage for a roof?
A contractor that is qualified to do roof repair would have to inspect the extent of the damage to make that determination. It could be rather small cost if it is just a few shingles that blew off, or a large cost if the roof and or joists have lifted off entirely.
What is the average roof replacement cost?
The cost of the replacement of a roof depends on many factors. Some of these factors are size, pitch, and what type of shingles you would like to be installed.
How do we project the cost to replace the roof?
You first have to measure your roof. Shingles are sold by the square. You will have to find the replacement shingle that you are interested in, then take your roof measurement to see how many squares you need. You might think about using a metal roof. They cost more at first, but last a lot longer.
How much will it cost a new roof with 1100 sq ft of roof with 3 layers?
Around 35,000 dollars
