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Is the a 'work from home' expenses option in Quickbooks online?
It seems that there is for Quickbooks 'self-employed' but why not for the full Quickbooks online? https://quickbooks.intuit.com/learn-support/en-uk/bank-transactions/work-from-home-deduction/00/2389...
At least, I can't find it??
Solved! Go to Solution.
Hi there, @teamjim. I've come to provide information about your concern.
QuickBooks Self-Employed (QBSE) and QuickBooks Online (QBO) are two different software. Work from home deduction is only available if you're using QBSE. In QuickBooks Online (QBO), you can add an account for Work from home expenses. To do so, you can follow these steps:
To get more information about the process, check out this article: Add an account to your chart of accounts in QuickBooks Online. It also provides instructions on how you can add parents and subaccounts.
However, I'd highly suggest reaching out to your accountant before performing these steps. This is to ensure that you have an accurate record of your account and to further guide you in creating a Work from home expense option. If you don't have one, you can utilize our Find an Accountant tool to look for one near you.
You may also want to visit our QuickBooks Help page to find articles and guides that can help you perform your QBO tasks.
Please add a reply below if you have any other concerns about expense accounts in QBO. I'll be always here to assist you further. Have a good one.
Hi there, @teamjim. I've come to provide information about your concern.
QuickBooks Self-Employed (QBSE) and QuickBooks Online (QBO) are two different software. Work from home deduction is only available if you're using QBSE. In QuickBooks Online (QBO), you can add an account for Work from home expenses. To do so, you can follow these steps:
To get more information about the process, check out this article: Add an account to your chart of accounts in QuickBooks Online. It also provides instructions on how you can add parents and subaccounts.
However, I'd highly suggest reaching out to your accountant before performing these steps. This is to ensure that you have an accurate record of your account and to further guide you in creating a Work from home expense option. If you don't have one, you can utilize our Find an Accountant tool to look for one near you.
You may also want to visit our QuickBooks Help page to find articles and guides that can help you perform your QBO tasks.
Please add a reply below if you have any other concerns about expense accounts in QBO. I'll be always here to assist you further. Have a good one.
Sure, thanks. This would be the obvious work around. But when I add an expense it asks for a payee?? I guess that’s my energy provider….
Thanks for getting back to us, teamjim.
You'll be asked for a payee when you create an expense transaction. Since you'll add a work from home expense account, you can do it either on the Chart of Accounts page.
You can follow the steps shared by my colleague. I've also added these screenshots as your visual guide:
Also, you can visit our QuickBooks Help page to find articles and guides that can help you perform your QBO tasks.
I'll be around whenever there's anything that I can help with managing your QuickBooks account. Have a good one!
Yup, so I’ve already created the ‘work from home’ account in the chart of accounts, no need to post a screenshot of that, it’s done.
AFTER, that has been done, I still need to register an expense linked to this ‘work from home’ account…and to do this, when creating an expense I will be asked for a ‘PAYEE’ - what would I put for that? (Was my question)
Hello there, @teamjim. Thanks for getting back to us.
Good to hear that you're all set about the Work from Home account created from the Chart of Accounts (COA).
Yes, you're right about creating an expense for the Work from Home account. When you record an expense, a payee is required to save this transaction. In the Payee field, you can add a person or organization that receives payment or who did you pay this amount.
I've gathered some articles about managing expenses in QBO:
If you still need help or need further clarification, please let me know. I'll do my best to provide accurate details of your queries. Take care and stay safe, teamjim.
My question is WHAT TO PUT IN THIS BOX when claiming a work from home expense ??
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I have the same question. Did you ever get an answer?
Thanks for jumping in, Matt210.
This is a QBO thread, but it sounds like you're referring to the Business use of home office box in QBSE.
You'll want to enter the total number of hours you worked in a given month. However, if you've been working from home for many months already, you'll want to contact our QBSE Support so they can help you with the correct figure.
On the other hand, you may want to check out some references for QB Self-Employed. Just go to the main support page, scroll down a bit, and click More topics.
If you're on QuickBooks Online, please contact our Support team. They have the tools and they can do a screen-sharing session to check this further for you.
We're just right here if you have other concerns. Take care and good morning!
Hi, I am a Sole Trader and Quickbooks Online user. I would love there to be an option for Sole Traders in Quickbooks Online, but it doesn't exist.
My question is how I claim this type of HMRC allowance in Quickbooks Online where no-one is being paid and no money is changing hands. I am struggling to find a way to represent this in an expense record.
Or do I have to treat myself like and employee and pay myself the amount out of the business account?
Basically, there is a crucial piece of information missing in the answers provided on this thread.
exactly the same boat as you. I'm desperately looking for software that can cope with actual expenses instead of simplified so I can create monthly reports for UC.
where in self employed quick books does it show the "working from home" simplified amount. I have to reply to IR pro ratia income but I cannot see the £317 pro rate for working from a home office?
Hi Colin, thanks for joining this thread.
Information on the hours worked from home can be entered in the tax profile in QuickBooks Self-Employed. For further information on setting up your tax profile, see here.
By providing this information, along with your total business income, spending and allowable expenses, QuickBooks can calculate your self-employment taxes (viewable from the Reports tab). If you have any further Q's, get back in touch!
Why is Intuit taking some features when upgrading to Simple Start from QB Self Employed? I want to enter work from home allowance and find in Quickbooks Online this features is not available.
Greetings SRK2024,
I would like to share some information regarding the process of entering work from home allowance.
QuickBooks Online (QBO) and QuickBooks Self-Employed (QBSE) are two different products that come with distinct features. Currently, there is no direct option to enter work from home allowance in QBO, but you can create and record checks and send them to the agency.
In the meantime, you can create an expense account for work from home allowance. Here are the steps to follow:
After this, you can create an expense transaction for the work from home allowance.
If you have any further queries related to entering work from home allowance in QuickBooks Online, please feel free to let me know in the comment section. I am always here to help you out.
This is confusing. in the UK if using the work from home simple expense method, you can claim a fixed monthly amount. Seeing as you don't physically pay for this expense, how do you enter the expense in Quickbooks Simple Start? What are you supposed to put in the Payment Account section when entering, do we have to create a cash in hand control account? There is no facility for this?
I understand that this is essential to your business needs, @SRK2024. I can walk you through what to enter in the Payment Account section.
To add expenses to your QuickBooks Online Simple Start account, you have two options. You can either click on the + New or the Gear Icon and select Expense. In the Payment Account Section, you need to select the correct bank from which the payments were made. If you haven't connected or synced a bank account to your QuickBooks account, you can create a cash-in-hand account.
In addition, Learn how to track bills and record the payments: Enter and manage bills and bill payments in QuickBooks Online.
Don't hesitate to comment down below. If you have other questions regarding your payment, or expenses method. I'll be glad to help. Have a great day!
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