Welcome to QuickBooks Community, cbreen. Let me show you how to categorize a transaction. You should mark the transaction that is not part of your business as Personal. From the Transactions menu, find the transaction on the list.Select Personal under the Type column.Choose or review the category in the Category column. Select a general type, and select a more detailed category.When you're done, select Save.Please check this link: Categorize transactions in QuickBooks Self-Employed. This will show you the detailed steps in categorizing transactions and the different categories. Post again if you need anything else. I'll be here!

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cbreen

Question

How do you categorize personal expenditures?

Forum|Forum|5 years ago
February 22, 2021
2 replies
32 views

No text available

QuickBooks Self-Employed

AlexV

Level 10

Welcome to QuickBooks Community, cbreen.

Let me show you how to categorize a transaction.

You should mark the transaction that is not part of your business as Personal.

From the Transactions menu, find the transaction on the list.
Select Personal under the Type column.
Choose or review the category in the Category column. Select a general type, and select a more detailed category.
When you're done, select Save.

Please check this link: Categorize transactions in QuickBooks Self-Employed. This will show you the detailed steps in categorizing transactions and the different categories.

Post again if you need anything else. I'll be here!

cbreenAuthor

Thanks for the reply but I must not have explained my question.

I want to know how to categorize personal transactions, transactions that I already categorized as personal. How do I categorize it as medical, groceries, etc?

Catherine_B

Level 9

Hi there, cbreen.

All personal transactions are set to be categorized as personal. It includes income that's not part of your self-employed business, income from others who share your bank accounts, and Personal transactions and deposits, such as regular paychecks from an employer.

For more details, you can check out the categories we use in preparing your taxes and forms: Schedule C and expense categories in QuickBooks Self-Employed.

Let me know if you have other questions. Take care!

MattLewis

Maybe your personal categories are turned off?

If so...

Solution:

Step 1. Go to gear icon (settings). Under "TOOLS."
Step 2. Select "Manage categories." In the upper-right corner
Step 3. Toggle (switch on) "Personal categories."

Unfortunately, the "Personal categories" toggle (switch off) again when you run a report and then click on particular category (which links to transactions). No worries, simply switch on "Personal categories" again (Follow steps above.)

Rinse and repeat 15-20 times an hour.

It's tax season. Having fun yet?

I found and reported this bug with the QuickBooks Self Employed team at Intuit. As of today, a QBSE rep has escalated for further investigation and solution.

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