Hello, and thank you for choosing QuickBooks Self-Employed. We want to provide you with the essential information to manage your finances effectively. Here are some key details about your QuickBooks Self-Employed (QBSE) account, Jess.
Please note that adding a rule to automatically include sales tax in transactions is currently unavailable in QuickBooks Self-Employed. All sales tax must be added manually to your transactions and invoices.
For banking transactions, you can establish rules that automatically classify transactions as related to sales tax. This automation feature is exclusive to banking transactions and aims to streamline your sales tax tracking and categorization. Refer to this article: Create rules to speed up reviews in QuickBooks Self-Employed.
Additionally, when categorizing your transactions, you'll need to include applicable sales tax. This will let QuickBooks find an exact match with your records. Sales tax recorded on your bills and expenses would indicate the amount you paid on that purchase.
Please feel free to reach out if you need guidance on how to manually add sales tax or have any other questions, you can drop us a line in this thread using the Reply button below. Your satisfaction and efficiency in managing your business are our top priorities.
