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Hi,
on the 1st of every month we have a standing order that gets paid for a lockup rental.
4 consecutive monthly s/o have been returned as the account for the recipient has closed.
So whilst I can file the outgoing s/o as normal under expenses, purchased, rent how do I deal with the bounced back s/o which is sat in my 'banking' sections waiting to be categorised?
as the only option available appears to be deposit or sales receipt?
many thanks
Solved! Go to Solution.
Let me help you categorise the returned standing order payment due to the account closed in QuickBooks Self-Employed, Sonia.
The categories are based on the boxes on the self-assessment defined by HMRC. In your situation, we'll need to categorise the transaction describes on the SA103F deduction categories. Which you can claim as allowable expenses for self-employment. It includes the SA103F box numbers, QBSE subcategories, and information about the type of expenses you can deduct and those you can't. To learn more about this one, you can check out this article: About SA103F Categories.
If you are not sure about what SA103F deduction categories to apply, I'd suggest consulting your accountant to help you with this one. Once done, here's how to categorise transactions you download from an online bank account or enter manually:
If you need to edit or recategorise a transaction, just follow the steps below:
Here's an article you can refer to for more details about categorising transactions in QuickBooks Self-Employed. I've attached these articles to help you manage your self-employed related transactions:
Leave your comments below if you have other questions about tracking your self-employed-related transactions. I'm always here to help. You have a good one.
Let me help you categorise the returned standing order payment due to the account closed in QuickBooks Self-Employed, Sonia.
The categories are based on the boxes on the self-assessment defined by HMRC. In your situation, we'll need to categorise the transaction describes on the SA103F deduction categories. Which you can claim as allowable expenses for self-employment. It includes the SA103F box numbers, QBSE subcategories, and information about the type of expenses you can deduct and those you can't. To learn more about this one, you can check out this article: About SA103F Categories.
If you are not sure about what SA103F deduction categories to apply, I'd suggest consulting your accountant to help you with this one. Once done, here's how to categorise transactions you download from an online bank account or enter manually:
If you need to edit or recategorise a transaction, just follow the steps below:
Here's an article you can refer to for more details about categorising transactions in QuickBooks Self-Employed. I've attached these articles to help you manage your self-employed related transactions:
Leave your comments below if you have other questions about tracking your self-employed-related transactions. I'm always here to help. You have a good one.
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