{"id":15091,"date":"2023-08-29T09:23:28","date_gmt":"2023-08-29T09:23:28","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=15091"},"modified":"2024-04-29T12:12:35","modified_gmt":"2024-04-29T12:12:35","slug":"expense-recording-methods","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/","title":{"rendered":"How do Motor &#038; Truck Rental Services providers categorize and record expenses in their bookkeeping?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/#Expense_Recording_Methods\" >Expense Recording Methods<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/#1_Expense_Categorization\" >1. Expense Categorization:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/#2_Recording_in_Books\" >2. Recording in Books:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/#3_Compliance_and_Taxation\" >3. Compliance and Taxation:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Expense_Recording_Methods\"><\/span><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"90\" height=\"43\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 90px) 100vw, 90px\" \/><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to effectively manage their business finances. They follow a systematic approach to ensure accurate accounting and compliance with taxation regulations.\\n\\n 1. Expense Categorization: Motor and truck rental service providers categorize expenses into different categories to track and analyze their financial transactions. Common expense categories include fuel, maintenance and repairs, insurance, salaries and wages, rent for operational premises, vehicle depreciation, office supplies, advertising and marketing, and any other direct or indirect expenses related to their operations.\\n\\n 2. Recording in Books: Expenses are recorded in their accounting books using accounting software or manual ledger entries. Each expense is documented with relevant details such as date, description, vendor name, amount, and applicable GST (Goods and Services Tax) details. For instance, fuel expenses are recorded by noting the quantity of fuel purchased, the price per liter, and the total cost. Maintenance and repair expenses are recorded with specifics of the service provided and the corresponding cost.\\n\\n 3. Compliance and Taxation: Motor and truck rental service providers need to comply with the taxation regulations in India. They accurately record and report expenses to calculate their taxable income appropriately. GST paid on expenses is recorded separately to avail input tax credit while filing GST returns. Additionally, they need to account for TDS (Tax Deducted at Source) deductions, if applicable, on payments made to vendors or service providers.\\n\\nBy categorizing and recording expenses in this manner, motor and truck rental service providers can gain insights into their operational costs, make informed financial decisions, and ensure smooth compliance with taxation requirements in India. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><strong>Expense Recording Methods<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2 style=\"text-align: center;\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to effectively manage their business finances. They follow a systematic approach to ensure accurate accounting and compliance with taxation regulations.\\n\\n 1. Expense Categorization: Motor and truck rental service providers categorize expenses into different categories to track and analyze their financial transactions. Common expense categories include fuel, maintenance and repairs, insurance, salaries and wages, rent for operational premises, vehicle depreciation, office supplies, advertising and marketing, and any other direct or indirect expenses related to their operations.\\n\\n 2. Recording in Books: Expenses are recorded in their accounting books using accounting software or manual ledger entries. Each expense is documented with relevant details such as date, description, vendor name, amount, and applicable GST (Goods and Services Tax) details. For instance, fuel expenses are recorded by noting the quantity of fuel purchased, the price per liter, and the total cost. Maintenance and repair expenses are recorded with specifics of the service provided and the corresponding cost.\\n\\n 3. Compliance and Taxation: Motor and truck rental service providers need to comply with the taxation regulations in India. They accurately record and report expenses to calculate their taxable income appropriately. GST paid on expenses is recorded separately to avail input tax credit while filing GST returns. Additionally, they need to account for TDS (Tax Deducted at Source) deductions, if applicable, on payments made to vendors or service providers.\\n\\nBy categorizing and recording expenses in this manner, motor and truck rental service providers can gain insights into their operational costs, make informed financial decisions, and ensure smooth compliance with taxation requirements in India. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/32.11-itr-660x370.jpg\" alt=\"Expense Recording Methods\" width=\"198\" height=\"111\" \/><\/strong><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to effectively manage their business finances. They follow a systematic approach to ensure accurate accounting and compliance with taxation regulations.\\n\\n 1. Expense Categorization: Motor and truck rental service providers categorize expenses into different categories to track and analyze their financial transactions. Common expense categories include fuel, maintenance and repairs, insurance, salaries and wages, rent for operational premises, vehicle depreciation, office supplies, advertising and marketing, and any other direct or indirect expenses related to their operations.\\n\\n 2. Recording in Books: Expenses are recorded in their accounting books using accounting software or manual ledger entries. Each expense is documented with relevant details such as date, description, vendor name, amount, and applicable GST (Goods and Services Tax) details. For instance, fuel expenses are recorded by noting the quantity of fuel purchased, the price per liter, and the total cost. Maintenance and repair expenses are recorded with specifics of the service provided and the corresponding cost.\\n\\n 3. Compliance and Taxation: Motor and truck rental service providers need to comply with the taxation regulations in India. They accurately record and report expenses to calculate their taxable income appropriately. GST paid on expenses is recorded separately to avail input tax credit while filing GST returns. Additionally, they need to account for TDS (Tax Deducted at Source) deductions, if applicable, on payments made to vendors or service providers.\\n\\nBy categorizing and recording expenses in this manner, motor and truck rental service providers can gain insights into their operational costs, make informed financial decisions, and ensure smooth compliance with taxation requirements in India. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">Expense Recording Methods for Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to effectively manage their business finances. <\/span><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to effectively manage their business finances. They follow a systematic approach to ensure accurate accounting and compliance with taxation regulations.\\n\\n 1. Expense Categorization: Motor and truck rental service providers categorize expenses into different categories to track and analyze their financial transactions. Common expense categories include fuel, maintenance and repairs, insurance, salaries and wages, rent for operational premises, vehicle depreciation, office supplies, advertising and marketing, and any other direct or indirect expenses related to their operations.\\n\\n 2. Recording in Books: Expenses are recorded in their accounting books using accounting software or manual ledger entries. Each expense is documented with relevant details such as date, description, vendor name, amount, and applicable GST (Goods and Services Tax) details. For instance, fuel expenses are recorded by noting the quantity of fuel purchased, the price per liter, and the total cost. Maintenance and repair expenses are recorded with specifics of the service provided and the corresponding cost.\\n\\n 3. Compliance and Taxation: Motor and truck rental service providers need to comply with the taxation regulations in India. They accurately record and report expenses to calculate their taxable income appropriately. GST paid on expenses is recorded separately to avail input tax credit while filing GST returns. Additionally, they need to account for TDS (Tax Deducted at Source) deductions, if applicable, on payments made to vendors or service providers.\\n\\nBy categorizing and recording expenses in this manner, motor and truck rental service providers can gain insights into their operational costs, make informed financial decisions, and ensure smooth compliance with taxation requirements in India. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">They follow a systematic approach to ensure accurate accounting and compliance with taxation regulations.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Expense_Categorization\"><\/span>1. Expense Categorization:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">Motor and truck rental service providers categorize expenses into different categories to track and analyze their financial transactions.<\/p>\n<p style=\"padding-left: 40px;\">Common expense categories include fuel, maintenance and repairs, insurance, salaries and wages, rent for operational premises, vehicle depreciation, office supplies, advertising and marketing, and any other direct or indirect expenses related to their operations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Recording_in_Books\"><\/span>2. Recording in Books:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">They record expenses in their accounting books using accounting software or manual ledger entries.<\/p>\n<p style=\"padding-left: 40px;\">Document each expense with relevant details such as date, description, vendor name, amount, and applicable GST (Goods and Services Tax) details.<\/p>\n<p style=\"padding-left: 40px;\">For instance, they record fuel expenses by noting the quantity of fuel purchased, the price per liter, and the total cost.<\/p>\n<p style=\"padding-left: 40px;\">Maintenance and repair expenses are recorded with specifics of the service provided and the corresponding cost.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Compliance_and_Taxation\"><\/span>3. Compliance and Taxation:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">Motor and truck rental service providers need to comply with the taxation regulations in India.<\/p>\n<p style=\"padding-left: 40px;\">They accurately record and report expenses to calculate their taxable income appropriately.<\/p>\n<p style=\"padding-left: 40px;\">GST paid on expenses is recorded separately to avail input tax credit while filing GST returns.<\/p>\n<p style=\"padding-left: 40px;\">Additionally, they need to account for TDS (Tax Deducted at Source) deductions, if applicable, on payments made to vendors or service providers.<\/p>\n<p>&nbsp;<\/p>\n<p>By categorizing and recording expenses in this manner, motor and truck rental service providers can gain insights into their operational costs, make informed financial decisions, and ensure smooth compliance with taxation requirements in India.<\/p>\n<p><strong>To visit: <a href=\"https:\/\/www.mca.gov.in\/\">https:\/\/www.mca.gov.in\/<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/32.11.1-ITR.png\" width=\"201\" height=\"181\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>For further details access our website: <a href=\"https:\/\/vibrantfinserv.com\/\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expense Recording Methods &nbsp; Expense Recording Methods for Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to effectively manage their business finances. They follow a systematic approach to ensure accurate accounting and compliance with taxation regulations. 1. Expense Categorization: Motor and truck rental service providers categorize expenses into\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":16130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1459,2588],"tags":[2593,3236,243],"class_list":["post-15091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-finance","category-book-writing","tag-expensecategorization","tag-recordingexpenses","tag-taxcompliance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Expense Recording Methods\/ Article\/ VibrnatFinserv-<\/title>\n<meta name=\"description\" content=\"Expense Recording Methods for Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expense Recording Methods\/ Article\/ VibrnatFinserv-\" \/>\n<meta property=\"og:description\" content=\"Expense Recording Methods for Motor and truck rental service providers in India categorize and record expenses in their bookkeeping to-\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/\" \/>\n<meta property=\"og:site_name\" content=\"Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T09:23:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-29T12:12:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/32.11.1-ITR.png\" \/>\n\t<meta property=\"og:image:width\" content=\"237\" \/>\n\t<meta property=\"og:image:height\" content=\"213\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"kbadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kbadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/expense-recording-methods\/\"},\"author\":{\"name\":\"kbadmin\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\"},\"headline\":\"How do Motor &#038; 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