Holiday Let and Rental

Hi Mark C Our self employed product only accounts for boxes 17-26 28, 30-41, 43, 45-47 of the SA103F. It's our understanding that additional income/expenses relating to rental properties has to be entered into an SA105 which QuickBooks doesn't support however we'd recommend contacting an accountant to confirm this.

With the approaching MTD rules will you be adding SA105 support/capability as without this it means that many self employed and landlords will no longer be able to use your service? 

Thanks, 

Hi Mark C,  For the Landlord SA105, that is also available in QBSE, you just need to choose the I'm a landlord on the initial setup of the account. We do not have SA103 and SA105 reports at the same time. You would need to get two qbse accounts both under different email addresses. Here is more information on this article. 

What about the question regarding Furnished Holiday Lets? These require information to fill in boxes 5 to 19 of the Self assessment to be completed. If QBSE doesn't automatically allocate the correct categories for accounts can these be manually added ( Income, Rent paid/insurance/costs of services provided, Other allowable expenses, other Capital allowances, adjusted profit, taxable profit for year, etc) so that a report can be produced to give you the figures to fill into these boxes on the SA form.

Hi there, Ray. It is a great joy to receive your first post in the Community thread. I'll share the information about recording expenses in QuickBooks Self-Employed (QBSE). 

It is relevant to track your expenses accurately in QBSE. You are right, Ray. You can manually assign categories in your expense transactions. Here's how:

1. Select the Transactions menu, then click Add transaction.
2. Fill out the necessary fields, then hit the Select a category link.
   
   

The following article is a helpful resource for managing your Self-Assessment for Income Tax return: Self Assessment for Income Tax checklist for QuickBooks Self-Employed.

If you want to learn how to create a new transaction from a receipt image., visit this article: Record or attach expense receipts in QuickBooks Self-Employed.

Helping you is our top priority, Ray. Please get back to us if you need further assistance managing your expenses or any QuickBooks-related concerns. We're always here to help you. Keep safe!