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spiressparkles-g
Level 1

New to QuickBooks, self emp , personal account added. How do I categorise personal trans. Account has only business income going in

 
3 REPLIES 3
GeorgiaC
QuickBooks Team

New to QuickBooks, self emp , personal account added. How do I categorise personal trans. Account has only business income going in

Hi Spiressparkles-g, thanks for joining the Community :)

 

Can we firstly check if you're using QuickBooks Online or QuickBooks Self-Employed to guide you on the correct process for categorising personal transactions?

spiressparkles-g
Level 1

New to QuickBooks, self emp , personal account added. How do I categorise personal trans. Account has only business income going in

Hi I’m on simple start online 

GeorgiaC
QuickBooks Team

New to QuickBooks, self emp , personal account added. How do I categorise personal trans. Account has only business income going in

Great, thanks - personal transactions can be excluded from the bank account by ticking the check-box to the left of the transaction(s) in the for review feed bank feed > exclude. Please note, excluded transactions will cause a discrepancy between your 'In QuickBooks' and live bank balance which will affect reconciling the account. If you're unsure how to handle the personal expenses, we recommend reaching out to your bookkeeper or accountant for further advice. :)

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