Settin up accounts in Quickbooks self employed

I’m here to help and provide insights about adding an account without linking it with QuickBooks, BossWookie.

Currently, we're unable to set up a different bank account in QuickBooks Self-Employed, just like QuickBooks Online can do. When you add a transaction manually without a connected bank account, it'll be categorized under the Cash account by default. 

You'll want to connect your bank account to QBSE to manage your transactions properly. For more guidance, feel free to check out this article: Connect bank and credit card accounts to QuickBooks Self-Employed.

I can certainly understand how the ability to set up a different account type without connecting them could be useful. I recommend sending feedback to our Product developer. Your feedback's definitely valuable to Intuit. 

Here's how:

1. Click the Assistant feature and typing submit feedback.
2. Choose the Feature request option from the prompts.
3. Hit Submit.

You can stay up-to-date with the latest news about your product by reviewing Intuit's Product Updates webpage.

Just in case you want to learn how to categorize your transactions correctly, you can read this article for detailed information: Schedule C and expense categories in QuickBooks Self-Employed.

Please post a reply below if you have other concerns with your transactions in QuickBooks Self-Employed. I'll be more than happy to assist you again. 

Hi Abegail, thanks for the quick response. If the Quickbooks self employed can't let me set up accounts and allow me to import .csv files manually, then it's the wrong product for me. Do you know which of the QB products would let me do this? It's for a sole trader with no VAT.

Kind regards

Ray 

I acknowledge the need to upload a CSV file to QuickBooks so you can easily manage transactions, @BossWookie. I'll share another product with four versions to help you decide which one best suits your needs.

QuickBooks Online delivers different plans with distinct features. Each price corresponds to the qualities they can offer. There are also discounts on limited time to help you save money. 

For single users (freelancers, gig workers, and solo businesses), QuickBooks Simple Start is the simplest mode to handle income and spending. It is the most affordable plan that will help you run basic financial statements, and connect bank and credit card accounts, which includes manually uploading transactions via a CSV file. You can also invoice customers and manage sales tax. 

You can create a trial account through this link: https://quickbooks.intuit.com/uk/. After choosing a plan for QBO, cancel your QuickBooks Self-Employed subscription. This way, we can prevent any charges in the future.

To learn more about setting up and navigating within the program, visit these pages to view videos and topics that will walk you through what to do: 

• Videos for QBO
• QuickBooks Help

Read through this article for the specific usage edge according to your subscription: Learn about usage limits in QuickBooks Online.

Determining the subscription you need is my priority. Let me know if you need further assistance doing QuickBooks tasks. I'm always ready to help you.

Hi Jamaica, thanks for getting back to me but the self employed version of QB, that I have already subscribed to, gives me the ability to manually import .csv files. The critical thing I need is to be able to create accounts for different bank and credit card accounts without having to link them digitally. Are there any versions of QB that allows this? Again it’s for a sole trader with no VAT and I also don’t need to do the tax digitally, I am happy to do my own self assessment forms.

Regards

Ray

I'm here to shed some light regarding your banking concerns, BossWookie.

All QuickBooks Online (QBO) versions allow you to create accounts and manually upload transactions. You may want to check the link shared by @JamaicaA to learn more about the many features offered in each one. 

You can also take the test drive to get acclimated to the functions available in the program. It allows you to explore or play around since it doesn’t save any changes you make.

I also recommend consulting with an accountant or tax expert to ensure you're business setup is compliant for a sole trader with no VAT.

For resources to guide you on how to use account types and detail types in your chart of accounts, see the following links: 

• Add an account to your chart of accounts
• Learn about account types and detail types

In addition, this reference contains various articles that will direct you on how to handle banking-related activities in QBO: Find help with bank feeds and reconciling accounts.

Reach out to me again if you have other product concerns or additional questions about managing transactions. I'll get back to help you the best that I can. 

Sorry, but this is not very helpful. One of your colleagues has already told me that it is NOT possible to create /set up new accounts in the chart of accounts within QB Self Employed. Nor is it useful to send me a link to a help page about adding to the chart of accounts when the product I have does not allow this. Why is it so hard to simply let me know which of the QB products WILL allow this?

Regards

Ray

As advised, I cancelled the subscription to QB Self Employed to be told that the account will be active until 8 November. Can you please confirm that I do NOT have to continue to pay the monthly sub until this time? The product does not do what I need it to do and I have cancelled within 48 hours of setting up the account.

regards

Ray

Hi there, @BossWookie. I'm here to share some information about canceling your subscription. 

Once the QuickBooks Self-Employed (QBSE) subscription is canceled, you no longer have to continue to pay the monthly bill. Also, you can reactivate it if you resubscribe again.

You can verify that the subscription is canceled if you see an option to resubscribe. If you're unable to see it, it's possible the cancelation is still pending. To confirm, I recommend reaching out to our Phone support team.

For reference, check out this article: Cancel your QuickBooks Self-Employed subscription.

Then, to subscribe to QuickBooks Online (QBO), you can go to our Plans and Pricing page and select the subscription you want. 

When done, refer to this article for the detailed steps in setting up accounts in your company file: Add an account to your chart of accounts in QuickBooks Online.

I'm always here ready to lend a hand if you have other concerns managing your account. Have a good one, and stay safe.