QB self employed - separated expenses?

Walt V · ‎January 02, 2023

Hi Community, I am just starting with QB self employed and I would like to separate expenses in 2 sections: one for my self employed work and one for letting a property. Is that possible, and if so how?

jenop2 · ‎January 04, 2023

Hi there, Walt V.

Online versions of QuickBooks are designed to handle one business per subscription at a time. This includes both QuickBooks Self-Employed and QuickBooks Online.

Although, QBO has a Class Tracking feature. This will let you add additional classifications to your transactions so you can separate them in your reports. Please see these articles if you want to learn more details about this:

You can also follow the steps in this article if you want to move to QBO and use the Class Tracking feature: Switch From QuickBooks Self-Employed to QuickBooks Online.

If you want a separate account for the other business, you can add a second subscription under the same login. Here's an article for more details: Create or Add Another Company File to QuickBooks Online.

The Community is always here if you need anything else.

View solution in original post

Mark_R · ‎January 02, 2023

Welcome to the QuickBooks Community, @Walt V.

At this time, there isn't a way to separate expenses into two sections in QuickBooks Self-Employed (QBSE).

I understand that you want to separate your expenses for your self-employed work and for letting a property. Since this option isn't available, I suggest submitting feedback directly to our product engineers. They may look into this suggestion and consider adding this option in future updates. To submit feedback, you can follow the steps below:

Sign in to your QBSE account.
Click the Assistant menu and type submit feedback.
Choose the Feature request or Add a feature option from the prompts.
Use your text box to create the feature request.
Select Submit.

You can also visit our Customer Feedback page. This will help you track the status of your product request and get the latest updates from our developers. Updates such as how the recent enhancement made to QBO helps our business owners, like you.

Thanks for dropping by! Please know that the Community forum is always open to assist you again if you have other concerns with QuickBooks.

Walt V · ‎January 03, 2023

Hi @Mark_R thank you for the quick response.

If this feature is not in the QB Self-employed version, is it available in one of the other versions? Or to put it differently, which version of QB is best if you want 2 separate accounts?

jenop2 · ‎January 04, 2023

Hi there, Walt V.

Online versions of QuickBooks are designed to handle one business per subscription at a time. This includes both QuickBooks Self-Employed and QuickBooks Online.

Although, QBO has a Class Tracking feature. This will let you add additional classifications to your transactions so you can separate them in your reports. Please see these articles if you want to learn more details about this:

You can also follow the steps in this article if you want to move to QBO and use the Class Tracking feature: Switch From QuickBooks Self-Employed to QuickBooks Online.

If you want a separate account for the other business, you can add a second subscription under the same login. Here's an article for more details: Create or Add Another Company File to QuickBooks Online.

The Community is always here if you need anything else.

Walt V · ‎January 04, 2023

Thanks @jenop2

Rubielyn_J · ‎January 04, 2023

It's a pleasure to have you here again, @Walt V.

I’m glad that my colleague jenop2 was able to help with your concern.

Please know that you’re always welcome to post in the Community space for any QuickBooks concerns you may have.

If you need tips and resources to manage your QuickBooks Online account and finances, feel free to visit our Support page to learn more. This provides information to help your navigation experience be more effective.

Let us know if you have other questions about separating expenses in QuickBooks Self-Employed. We'll be happy to lend a helping hand. Stay safe!

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QB self employed - separated expenses?