QuickBooks Self-Employed year-end guide

Stay ahead of the game and learn how to have a successful year end with QuickBooks Self-Employed. We've put together some general tax tips to keep in mind as the end of the fiscal year approaches. 

December to January

Connect your accounts to online banking to automatically download all of your sales and expenses. Here’s how to do this in your web browser (you can find instructions for mobile linked at the end of this section):

1. Select the profile ⚙ icon and then select Connect bank.
2. In the search box, enter the name or URL of your bank. Then select Continue. If you've already connected an account before, select Connect another.
3. Enter the sign-in info you use for your bank's website.
4. When you’re ready, select Connect.

Now that your transactions are loaded into your account, it’s time to categorize them.

1. Go to the Transactions menu.
2. Find a transaction on the list.
3. Select Business if the transaction was for business, or select Personal for personal. If the transaction was both, select Split.
4. Review the category in the Category column. QuickBooks tries to categorize transactions for you.
5. If you need to change the category, select the category link. Select a general type, and choose a more detailed category.

If you need to change the category, select the category link. Select a general type, and choose a more detailed category.

Want to connect and categorize through your iPad or tablet? Check out this article for those steps: Connect bank and credit card accounts to QuickBooks Self-Employed.

January to April

QuickBooks tracks your expenses throughout the year. Use the Tax Summary, Tax Details, and other reports to get these totals. Keep reports handy when you prepare your return. 

Tip: File them away with your tax documents in case you need them again in the future.

1. Go to the Reports menu.
2. Find the report you want.
3. Select the time period or tax year from the dropdown.
4. Select View or Download. If you want to print or email a copy, select the arrow icon and then the option.

Now you’re ready to prepare for year-end with QuickBooks Self-Employed.