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Established Member

How to add a new account

Sadly my bank and quick books dont work together (clydesdale bank), so I got told by my bank today. Now I have to do all transactions manual. At the moment I have all transactions down as cash which is wrong but I can not seem to add anywhere the account: bank or bank transfer. 


All infos I have found was for the american quickbooks which seems to be more elaborate then what I got here. I use quickbooks self-employed in UK. 


Any help is much appreciated. 

QuickBooks Team

Re: How to add a new account

Hi there, Kathleen77.


Welcome to the Community. I'd be happy to help you with your transactions and ensure they're recorded correctly.


Thanks for letting me know the type of QuickBooks that you're using. At this time, QuickBooks Self-Employed (QBSE) doesn't have a Chart of Accounts which would allow you to add the accounts.


However, QBSE has Categories that have a 1:1 match with the SA103F Categories for self-employed individuals. That said, you could use the Transfer category for your bank transfers. Meanwhile, you'll need to select the most appropriate category for the other bank transactions. The steps below will guide you through the process:


Adding and categorizing transactions manually in QBSE

  1. Select Transactions in the left navigation menu.
  2. Click Enter first transaction, then Add transaction.
  3. Enter the Date, Description, and Amount.
  4. Click the Select a category hypertext.
  5. Browse through the categories and choose the appropriate one. However, for bank transfers, search for the Transfer category.
  6. Click Save.

If you're unsure regarding what category you should select, I highly recommend that you consult HMRC or your accountant. Every business is unique and they could make personalized suggestions for handling those transactions.


That should get you going in the right direction. Keep in touch if there's anything else I can do for you. I've got your back and am always happy to help you.