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rodney_dee
Level 1

Different forms of income - Managing fulltime employment with also being self-employed.

In addition to my business, I also work fulltime for another company. How do I account for other employment in Quickbooks?

1 REPLY 1
MariaSoledadG
QuickBooks Team

Different forms of income - Managing fulltime employment with also being self-employed.

Let's make sure you'll be able to account your fulltime employment in QuickBooks, rodney_dee.

 

You can record your actual income through your Tax Profile in QuickBooks Self-Employed. This ensures that will be able to identify your tax bracket. Once done, you can input the payments on the Transactions page as income. To do this, follow the steps below:

 

  1. Click the Gear icon at the top to choose Tax Profile under Taxes.
  2. In the Tax settings window, go to the Tax Profile page section.
  3. From there, fill in the field boxes with the correct data.
  4. Click  Save.

 

While for your business entries, I've outlined the process below:

 

  1. Go to the Transactions menu on the left panel and click the Add transaction button.
  2. This action will display lines where you can key in the transaction details.
  3. Make sure to type the appropriate data in the field boxes and choose Income.
  4. Press Save to keep the changes.

 

Furthermore, in case you'll want to tidy up your accounts, Self Assessment deadline is only just around the corner. To see a new bank transaction or set up automatic simplified expenses calculation, read this article for your guide: Make Self Assessment Easier.

 

Drop a reply below if you have any questions on how you can record your income. Remember, I'll always be right here to help.

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