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    3 Replies Latest reply on May 27, 2009 2:10 PM by aacl2009

    Vehicle Milage and Payments

    aacl2009 Adventurer
      I co-own a landscaping business and the truck we use is driven 90% of the time for business. Am I correct in thinking we need to track the milage on-going?

      Also my business partner wants to pay the monthly truck payment from our business account. Since he owned the truck before the business started and was paying for it personaly (and would still own it if the business folded) should the business...

      1. Pay him to make the truck payment
      2. Pick up a fraction of the truck payment
      3. Pick up the entire tuck payment and then figure it out at the end of the year?

      I am fine with any way I just want to make sure we are using the account correctly.