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Quick Question

Reamer Fanny · 2011-11-14 14:09:44

Hi there, I am a self-employed IT Technician, and among repairing computers, laptops etc.. I also repair games consoles and I was wondering if I wanted to offer a customer cash to trade in their console for parts could I put this down as an expense since the parts will go toward repairing other customer's consoles? Would I…

14-11-2011 2:09pm

#1

Reamer Fanny

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Posts: 2675

Hi there,

I am a self-employed IT Technician, and among repairing computers, laptops etc.. I also repair games consoles and I was wondering if I wanted to offer a customer cash to trade in their console for parts could I put this down as an expense since the parts will go toward repairing other customer's consoles? Would I just issue the customer an invoice as normal?

Thanks in advance, Ryan

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Comments

#2 14-11-2011 5:58pm

smcgiff

Closed Accounts Posts: 5,943 ✭✭✭

Join Date: January 2007

Posts: 5788

You wouldn't be giving them an invoice as you would be purchasing off of them. Y
ou should give them a receipt for cash paid over. Theoretically they could give you an invoice, but I imagine this is unlikely to happen. Ultimately these will form part of your purchases so you will need record as such.

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