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nunnerst
January 16, 2023
Solved

Adding Personal Transactions

  • January 16, 2023
  • 1 reply
  • 0 views

Hi, I am trying to manually add a personal Transaction (since QB cant go back that far on my bank account, and also the Import option for my older Co-op statements is not working - it throws an error).

However, the Business/Personal category can't be changed and is stuck on Business.
How can I fix this?

Thanks for any help.

Best answer by Giovann_G

Welcome back to the Community space, nunnerst.

 

I'll ensure you'll be able to add a personal transaction in QuickBooks Self-Employed.

 

When adding a transaction, the software uses the Business type by default. However, you'll be able to separate personal and business transactions. I'll show you how.

 

  1. Go to the Transactions menu.
  2. Select those transactions you want to change to Personal.
  3. Click the Human icon to mark it as personal.
  4. Once done, hit Apply button.

 

In addition, you can create a bank rule to speed up your review if you have the same type of transactions. Check out this article for more details: Create rules in QuickBooks Self-Employed.

 

If you need additional resources for future QBSE tasks, please see the following links below:

 

 

We're always available to help you if you have further questions or concerns. Have a great day.

1 reply

G
Giovann_GModeratorAnswer
Moderator
January 16, 2023

Welcome back to the Community space, nunnerst.

 

I'll ensure you'll be able to add a personal transaction in QuickBooks Self-Employed.

 

When adding a transaction, the software uses the Business type by default. However, you'll be able to separate personal and business transactions. I'll show you how.

 

  1. Go to the Transactions menu.
  2. Select those transactions you want to change to Personal.
  3. Click the Human icon to mark it as personal.
  4. Once done, hit Apply button.

 

In addition, you can create a bank rule to speed up your review if you have the same type of transactions. Check out this article for more details: Create rules in QuickBooks Self-Employed.

 

If you need additional resources for future QBSE tasks, please see the following links below:

 

 

We're always available to help you if you have further questions or concerns. Have a great day.

    N
    nunnerstAuthor
    January 16, 2023

    Hi, that worked so thankyou - but it has classed it as Personal Spending so subtracted the money - whereas it was actually dividends from a company that has nothing to do with my work situation.

    I did want to track how much I was receiving from them, though. So how can i categorise it sensibly, so that it doesnt subtract from the total, but isn't classed as business-related either?

    I know that I can tag it, but will it not still be wrongly labelled as Personal Spending or Business-related, because manual entry forces me to record it as such? (Also, there does not seem to be a way to add custom Tags...?)

    N
    nunnerstAuthor
    January 16, 2023

    Ah-ha - think I managed to answer my own question:
    I first classed it as 'Other Business Income' (rather than a business expenditure) then when I went back to edit it with your method, it of course remained an addition rather than subtraction. Phew!

    -Thanks!

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