I have premiums as well as service call fees for my home warranty coverage. I’ve classified the premiums as Category = “Insurance” but I don’t see an appropriate sub category of “Home Warranty” to classify these charges. Is Category = “Insurance” the best way to label these expenses or should they be track as “Other Repairs”?
@herzjb Yes, the way you’re currently handling this seems to make sense. The premiums are insurance costs, not actual repair expenses, so Insurance is the best category. Not 100% sure regarding the service fees. I’d recommend checking with your CPA on those to make sure you’re using the best bucket.