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How QuickBooks sets a benchmark for business expenses

by Intuit Updated 1 year ago

With a large community of self-employed customers recording their expenses in QuickBooks, we’re able to identify clear patterns in the total value of transactions submitted for each expense category. 

Using these spending patterns, we designed a tool that links businesses with the same characteristics together.

The results have allowed us to provide a community benchmark for your expense categorisation use. We're able to highlight categories that look uncharacteristic and confirm when the total value of transactions is what we'd expect to see for each category. The tool will improve over time and use, making our calculations even more accurate.

It's just one of the ways we're helping you prepare your your Self Assessment.

See also

Categorise and match online bank transactions

Understand allowable and disallowable expenses

QuickBooks Self-Employed

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