cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Visit this post for a list of recent banking issues in QuickBooks Online.
steve-optimalist
Level 1

Self employed sole trader newbie here. What category do I use on QuickBooks to reconcile my monthly pay? I’m the business owner

 
2 REPLIES 2
AbegailS_
QuickBooks Team

Self employed sole trader newbie here. What category do I use on QuickBooks to reconcile my monthly pay? I’m the business owner

Hi there, @steve-optimalist.

 

I'm here to share some helpful information about categories in QuickBooks Self-Employed (QBSE).

 

While we're not able to provide which category to use for a specific transaction, allow me to share a list of categories that you can choose from. 

 

For the list of categories that best fit for education or your transactions, please refer to these articles:

Given all the information, I'd still recommend consulting an accountant to help and guide how to record these transactions. Your accountant can provide more expert advice in dealing with this concern.

 

You can also visit the Find-a-ProAdvisor website and look for an accountant or bookkeeper within your area that can help and advise you about accounting matters. All you need to do is click on the envelope icon from their profile to send them a message.

 

Here are the detailed steps:

 

  1. Open this link: https://quickbooks.intuit.com/find-an-accountant/.
  2. Select what types of experts you want by checking the boxes beside the available options.
  3. Enter your city or zip code from the field provided, then click Search.
  4. Tap on the message icon under the Offers Free Consultation button to message the expert.

 

If you need additional references for future tasks, you can check out these helpful links: 

Do you have other questions in mind? Feel free to leave them below and I'll make sure to get back to you as quickly as I can.

Gareth_Davis
Level 3

Self employed sole trader newbie here. What category do I use on QuickBooks to reconcile my monthly pay? I’m the business owner

Hi @steve-optimalist 

 

I always categorise my own salary payments as business transactions, then as Owner Withdrawal. That's the closest option in QBSE I can find, and it doesn't mess up any numbers in terms of profit and loss, taxable profits etc.

Need to get in touch?

Contact us