Tax rule NZ
Financial statements summary: the box each expense goes on
The expense boxes of the financial statements summary, as Inland Revenue prints them, and the one Bilbx's Tax Lab adds each category's receipts up on.
The return Tax Lab's subtotals follow
Financial statements summary (IR10), boxes 4–24
Checked against Inland Revenue's own pages on . This is the figure Bilbx uses.
The rule
Box 4 is "Purchases".
What Inland Revenue says
“Purchases 4”
Box 14 is "Insurance (exclude ACC levies)".
What Inland Revenue says
“Insurance (exclude ACC levies) 14”
Box 15 is "Interest expense".
What Inland Revenue says
“Interest expense 15”
Box 16 is "Professional and consulting fees".
What Inland Revenue says
“Professional and consulting fees 16”
Box 17 is "Rates".
What Inland Revenue says
“Rates 17”
Box 18 is "Rental, lease and licence payments".
What Inland Revenue says
“Rental, lease and licence payments 18”
Box 19 is "Repairs and maintenance".
What Inland Revenue says
“Repairs and maintenance 19”
Box 23 is "Contractor and sub-contractor payments".
What Inland Revenue says
“Contractor and sub-contractor payments 23”
Box 24 is "Other expenses".
What Inland Revenue says
“Other expenses 24”
The IR10 is the financial statements summary.
What Inland Revenue says
“IR10 guide Use this guide to help you complete your Financial statements summary”
Other expenses are all expenses not in the other boxes, including vehicle expenses, travel and accommodation, communication costs, electricity, entertainment costs and training.
What Inland Revenue says
“Other expenses – All other expenses not included in Boxes 4 and 12 to 23 including:”
“Vehicle expenses”
“Travel and accommodation”
“Communication costs”
“Electricity”
“Entertainment costs”
“Training and staff development”
How Bilbx applies it
- In its export for your accountant, Tax Lab, part of Bilbx Premium, adds up your claimed receipts by the line of the return each category goes on: Financial statements summary (IR10), boxes 4–24.
- A purchase listed to depreciate is kept out of these subtotals, and so is a category with no line, such as groceries.
Where each category goes
The table Bilbx's export uses to add up your receipts, line by line.
Vehicle & Transport
Box 24: Other expenses
Travel
Box 24: Other expenses
Meals & Entertainment
Box 24: Other expenses
Tools & Equipment
Box 24: Other expenses
Technology & Software
Box 24: Other expenses
Office Supplies
Box 24: Other expenses
Phone & Internet
Box 24: Other expenses
Utilities
Box 24: Other expenses
Rent & Hire
Box 18: Rental, lease and licence payments
Council Rates
Box 17: Rates
Repairs & Maintenance
Box 19: Repairs and maintenance
Professional Services
Box 16: Professional and consulting fees
Insurance & Licences
Box 14: Insurance (exclude ACC levies)
Bank & Finance Charges
Box 15: Interest expense
Contractors
Box 23: Contractor and sub-contractor payments
Stock & Materials
Box 4: Purchases
Advertising & Marketing
Box 24: Other expenses
Clothing & PPE
Box 24: Other expenses
Education & Training
Box 24: Other expenses
Subscriptions
Box 24: Other expenses
Groceries
On no line
Health
On no line
Donations
On no line
Fines & Penalties
On no line
Other
Box 24: Other expenses
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Sources
Spotted something that doesn't match Inland Revenue's guidance?
Every sentence in the rule is checked against Inland Revenue's own guidance, quoted beneath it and linked above. Last checked . Rules version 60f9162250af. Terms.
More for New Zealand: every tax rule Bilbx applies and guides on receipts and tax records.