how do you categorize a business credit card interest charge in Quicken Home and Business software so that it gets reported properly for taxes
How do you categorize a business credit card interest charge in Quicken Home and Business software so that it?
Posted by on April 13th, 2011
Posted in business credit card 
Tags: business credit card, business software, credit card interest, interest charge, quicken credit card interest charge category
I know it's alluring but it really is a bad idea. Like Huckfinn said, it's basically just transferring your losses from credit card interest to taxes/fees.
Periodic interest is interest charged for a certain period of time, such as a month. What this means if that even if you have only a $1.00 balance you will be charged at least $1.50 in interest for that period or month.
In this example, it would work out to a monthly rate of 150% or an annual rate of 1,800%.
maybe the average PC user isn't ready, but in my experience with selling PCs, a good portion of the netbook market is travellers looking for essentially disposable computers. the primary goal is that it fits in a bag, and if it gets lost or stolen it isn't too big of a deal. these people don't care about the OS, or the ability to run their business software, or games, or really anything other than having a web browser.
Retired Navy captain pleads guilty to conflict-of-interest charge in dealing with defense firm;
You shouldn't care what the rate of your credit card is, because you shouldn't ever be paying credit card interest. It's simply throwing money down the drain.