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ali-jawad59
Level 1

How can I add expenses and monthly income manually . I have no business account

 
1 REPLY 1
GenmarieM
QuickBooks Team

How can I add expenses and monthly income manually . I have no business account

Hello, Ali. 

 

You can manually add both expenses and income in QuickBooks Solopreneur even without a separate business bank account through the Transactions tab.

 

Here's how:

 

  1. Go to the Transactions tab, then click Bank transactions.
  2. At the bottom part, hit Add transaction.
    m1.png
  3. Click New transaction, then choose either Income or Expense.
  4. Enter the important details such as Date, Payee/Payor, Amount, and Category.
    m2.png
  5. Once done, click Save.

m3.png 

 

Also, ensure it is set to Businessso that it appears in your income totals and profit calculations. It is important to note that since you do not have a business bank account connected, consistency is crucial. Always enter transactions for the same kinds of payments, use the same labels for your personal account or cash, and review your list regularly to confirm each item is correctly set as Business rather than Personal.

 

For information on Schedule C categories and their appearance in financial reports: Schedule C and expense categories in QuickBooks Solopreneur and QuickBooks Self-Employed. Note that this article is for the US, but the same principles apply to your region.

 

Come back to this post if you have other questions or concerns.

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