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mvf-electrical-o
Level 1

How can I add expenses for a new quarter without it adding on to the previous quarter? Help! This is driving me insane!

 
1 Comment 1
GebelAlainaM
QuickBooks Team

How can I add expenses for a new quarter without it adding on to the previous quarter? Help! This is driving me insane!

Hello there, mvf.

 

I'll ensure to guide you in recording your expense transactions in QuickBooks Online (QBO).

 

In QBO, if you want to record expenses for a new quarter, you'll have to make sure that the dates of your expenses will impact the new quarter you're referring to. You may refer to the steps below if you have already paid for a business expense and need to record it in QuickBooks.

 

  1. Click on the + New and select Expense.
  2. Select the supplier in the Payee field.
  3. In the Payment Account field, select the account you used to pay for the expense.
  4. Enter the date for the new quarter in the Payment date field.
  5. In the Payment method field, select how you paid for the expense. If you want detailed tracking, enter a Ref no.
  6. From the Tags field, enter the preferred label to categorise your money.
  7. In the Category details section, enter the expense info. In the Category dropdown, select the expense account you use to track expense transactions. Then, enter the Amount and GST.
  8. Then, click Save and close.

 

Additionally, if you plan to bill a customer for the expense, select the Billable checkbox and enter their name in the Customer or Customer/Project field. Check this article to learn more: Enter billable expenses.

 

Please check out this article for your reference in managing expenses in QBO: Enter and manage expenses in QuickBooks Online.

 

Furthermore, if you need to pull up a report for your expenses and other financial reports, you can visit this article for future guidance: Run reports in QuickBooks Online.

 

Tag me in this thread if you have clarification or additional concerns about managing expenses in QuickBooks. I'll be around to help you.