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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.
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