QBSE does not allow for any new accounts (categories) to be created QBSE does not keep a customer listing QBSE does not have a balance sheet so you can not enter the cost or the depreciation for a car/equipment QBSE does not do inventory or cost of goods sold QBSE can not do payroll QBSE does not do any associated IRS forms, like home office deductions or depreciation
QBSE does not do sales tax either (not schedule C related but critical to a business)
Can anyone point my I t he right direction I have just set up as self employed what category would tools that I have bought go under they cost no more than £60 but want to make sure I get it right. This is in QuickBooks self-employed
Choosing the right category needs assistance from your accountant. This is to ensure that your books are properly accounted for when recording transactions. If you don't have one, you can use our Find an Accountant tool to look for an accounting professional near you.
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