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M112
Level 1

QB Online

In Zettle I get my total sales.

 

In  QB i record the total sales in the CATEGORY  as INCOME   

And the fees that Zettle charges CATEGORY as : credit card charges

 

The results is that  in yearly TAXES a lot of it comes up as DISALLOWABLE EXPENSES

 

Is this the correct way ?

Thanks

1 REPLY 1
Carneil_C
QuickBooks Team

QB Online

Categorising those transactions is a bit tricky in QuickBooks Self-Employed, @M112.

 

For accounting matters, I'd recommend reaching out to an accountant to provide you with expert advice in dealing with these transactions. This is to ensure the accuracy of your accounts. If you don't have one, you can visit the Find-a-ProAdvisor website to locate one nearby.

 

Thus, I'd like to add this article to give you more information about the categories you can choose: Categorise transactions in QuickBooks Self-Employed.

 

Furthermore, you can refer to this article for information on how QuickBooks Self-Employed tracks your business income and taxes: QuickBooks Self-Employed Overview.

 

Feel free to keep me posted if you still have questions or concerns about organizing your QBSE transactions. I'll be around for you. 

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