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September 4, 2023
Question

Are the quickbooks subscription fees automatically recorded as an expense somewhere?

  • September 4, 2023
  • 1 reply
  • 7 views
No text available

1 reply

Moderator
September 4, 2023

Good day, @charissekushmaul. I'd be glad to provide answers to your queries in QuickBooks. 

 

QuickBooks Online doesn't have the option to automatically record subscription fees as an expense in the program.

 

if your bank account is linked to online banking, your subscription payment will be automatically downloaded and categorized as an expense in the Banking page.

 

If you prefer to manually record the payment within the program, you can follow these steps:

 

  1. Select + New and select Expense.
  2. In the Payee field, choose the vendor. 
  3. Select the account you used to pay for the expense in the Payment account field
  4. In the Payment date field, enter the date for the expense.
  5. Choose how you paid for the expense in the Payment method field
  6. In the Category details section, enter the expense info. In the Category dropdown, select the expense account you use to track expense transactions. You can also enter specific products and services in the Item details section to itemize the expense.
  7. Enter the Amount and Tax.
  8. If you plan to bill a customer for the expense, check the Billable box and enter their name in the Customer field. 
  9. When you're done, click Save and close.

 

If you have multiple expenses to record, you can also enter them directly to the account register.

 

Feel free to leave any additional questions or comments below regarding fees and tracking your transactions. I'm here to assist you, and I wish you continued success with your business.