Hi, timobru. I can see how important it is to have the setup align with your business needs. Let me clarify this for you.
QuickBooks Sole Trader is designed for individual freelancers and optimized for simplicity. However, this version does not support creating your own expense categories or setting up a Chart of Accounts, which are available in other QuickBooks plans, such as QuickBooks Online.
The system uses predefined categories aligned with the HMRC tax system, ensuring accurate expense tracking and straightforward tax filing.
You can always return to this thread if you have further questions.
