Business Income

Hello there, Smith.

In QuickBooks Self-Employed (QBSE), marking an invoice as paid does not automatically add it to your income section. To ensure this income is reflected correctly, connect your bank account to categorize it as a business income account.

Alternatively, if you're not using bank feeds, you may need to manually enter each transaction by selecting Add Account and categorizing it as business income.

If automatic tracking is not functioning as desired, consider saving each paid invoice as a PDF and uploading it under transactions as business income. This method allows you to keep a record of all invoices while ensuring they are counted towards your total income.

After entering or marking invoices as paid, regularly review your income reports in QuickBooks to confirm that all amounts accurately reflect your earnings.

Let me know if you have other questions about your invoices, Smith. I want to ensure everything is taken care of for you.

Thanks - i actually invoice outside of QB but when I attach a pdf of the invoice to the income entry it assumes its a deficit rather than income. It's very frustrating. My bank is connected I just wanty to add a pdf to business income of what the income was for.

I've got some steps on how to get your paid invoices to show up as income, DesignSmith.

QuickBooks Self-Employed (QBSE) will only count the categorised transactions as income. The invoicing feature in QBSE is primarily used to send transactions to your customers and collect payments from them. Because of this, paid and unpaid invoices are not counted as income in the program.

In addition, the payment transaction will be immediately downloaded by QBSE if you have connected your bank account. You can categorise these transactions as business income when they show up.

If not, let's transfer the invoice as an income by manually adding and categorising the payment. Let me show you how: 

1. Go to the Transactions tab.
2. Tick the Add transaction button.
3. Add the date of the payment under Date.
4. Enter a brief description of the transaction. 
5. Type the amount under Amount. 
6. Select a category for the transaction (in this particular case, we want to select Income). 
7. Click Save. 

Once done adding, it will show in the total income for the year. 

For more details about this one, check out this article: Manually add transactions in QuickBooks Self-Employed.

That'll point you in the right direction today. I'm just one reply away if you need a hand with categorising your transactions. I'll be here to ensure your success. Have a great day ahead.