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Level 2

Which category is best for expenses like software and professional expenses membership affiliation?

Hi,

 

The list of categories is not very clear for me and I am not sure which one is best for some of my expenses?

Here is the list of some of my expenses:

 

  1. Adobe
  2. Email services like GSuite.
  3. Profesional expenses like Affiliate memberships.
  4. Public transportation that I use to go to work.

 

I found this link but wasn't very helpful:

https://quickbooks.intuit.com/learn-support/en-ca/taxes/form-t2125-list-of-tax-categories-for-self-e...

 

 

Thanks,

Sasan

Solved
Best answer February 17, 2020

Best Answers
Highlighted
QuickBooks Team

Which category is best for expenses like software and professional expenses membership affiliation?

Hello again Sasan,

 

It's great to hear that you've been exploring the QuickBooks Community to try to find the answers you need. The article you've found is useful for when you're filling out your end-of-the year T2125 tax form for self-employment. If you're looking for help with categorizing your expense transactions in the program, however, it's not quite as helpful. I'll help you with sorting this out.

 

The article you've linked actually has a link to a CRA page that goes over the various kinds of expenses you might incur as a self-employed business owner. I encourage you to check it out to see if it helps with categorizing your expenses: Business expenses

 

If that doesn't help, I recommend getting in contact with an accounting or bookkeeping professional. These individuals have the training and the know-how to help business owners such as yourself. At QuickBooks, we have our Find an Accountant feature, which helps users connect with accountants and bookkeepers who know QuickBooks Online and QuickBooks Desktop. While we don't have one for QuickBooks Self-Employed, one of these individuals may still be able to help you. QuickBooks Online is the most closely related to QuickBooks Self-Employed of the two. Keep in mind, however, that you cannot add an accountant user to your QuickBooks Self-Employed account. Feel free to leave feedback for the QuickBooks Self-Employed product development team about this by going to the Assistant feature in product, typing and entering Feedback, and then following the prompts.

 

I hope that helps. I'm here if you have further questions.

View solution in original post

2 Comments
Highlighted
QuickBooks Team

Which category is best for expenses like software and professional expenses membership affiliation?

Hello again Sasan,

 

It's great to hear that you've been exploring the QuickBooks Community to try to find the answers you need. The article you've found is useful for when you're filling out your end-of-the year T2125 tax form for self-employment. If you're looking for help with categorizing your expense transactions in the program, however, it's not quite as helpful. I'll help you with sorting this out.

 

The article you've linked actually has a link to a CRA page that goes over the various kinds of expenses you might incur as a self-employed business owner. I encourage you to check it out to see if it helps with categorizing your expenses: Business expenses

 

If that doesn't help, I recommend getting in contact with an accounting or bookkeeping professional. These individuals have the training and the know-how to help business owners such as yourself. At QuickBooks, we have our Find an Accountant feature, which helps users connect with accountants and bookkeepers who know QuickBooks Online and QuickBooks Desktop. While we don't have one for QuickBooks Self-Employed, one of these individuals may still be able to help you. QuickBooks Online is the most closely related to QuickBooks Self-Employed of the two. Keep in mind, however, that you cannot add an accountant user to your QuickBooks Self-Employed account. Feel free to leave feedback for the QuickBooks Self-Employed product development team about this by going to the Assistant feature in product, typing and entering Feedback, and then following the prompts.

 

I hope that helps. I'm here if you have further questions.

View solution in original post

Highlighted
Level 2

Which category is best for expenses like software and professional expenses membership affiliation?

These are all great resources. Thank you @LauraAB