How do I enter a training related expense in QB?

Thank you for your help GeorgiaC :)

Hi 

I can't see  accounting > chart of accounts > new.  in my quicbooks account. i am using self employed 

How do i enter an expense account?

Thanks

Hey Nicola6, 

These steps are for the browser version of QuickBooks Online (Simple Start, Essentials and Plus). Can I verify which version of QuickBooks you are using?

Thanks

Hey 

Thanks for coming back to me. I'm using the self employed version. 

Thanks

Nicola

We're so happy to have you back, Nicola.

The steps provided by my colleague above is applicable in QuickBooks Online version.

For Self-Employed, we can record the amount of the training and and select the correct category. This way, the calculation will be included to your self employed taxes.

Here are the steps that will surely walk you through the process:

1. Click Transactions from the left side.
2. Select the Add transaction button.
3. Under Transaction, enter a description.
4. Enter the amount and hit the Select Category link and choose an expense account.
5. Then, Save.

You can take a look at these articles for additional information:

• Custom categories in QuickBooks Self-Employed.
• Categories in QuickBooks Self-Employed.

Thanks for clarifying the version you're using right now. If you have additional question, you can post them here anytime. It'd be my pleasure to help and provide you further information about QuickBooks Self-Employed. Take care!

We are not allowed to customize a category in QB self-employed and there is no option related to trainings, so how do we do? 

Hello Fabirose, we are unable to tell you what category to put it against however if you have a look at this link here  it should help you decide, if you are still unsure you will need to contact an accountant or HMRC who will be able to adviser you on this more. 

Hi, 

I'm having the same issue. 

The document you sent a link to provides no information on which quickbooks category might relate to training. 

I am disappointed that the 'Quickbooks Self-employed' is so limited and does not let you create your own expense categories

I know how important it is to categorise your expenses accurately, edrookie.

Let me make it up to you by ensuring that you'll be guided on the correct category to choose.

In QuickBooks Self-Employed, expense categories line up with the Schedule C tax form. When you categorise a transaction, the program matches the correct line on the form.

Currently, there isn't an option to customise and provide a category related to training. I'd suggest consulting an accountant for recommendations on how to handle this type of situation. If you don't have one, you can use our Find-an-Accountant tool to look for an expert near you.

Additionally, I've included our QuickBooks Self-Employed Overview article for future reference. There, you can see how the program helps you track everything throughout the year.

Please let me know if you have any questions or concerns about managing your transactions. I'm always here to help you out. Take care! 

Hi there. Just wondering how you resolved this issues as I'm coming up against the same problem. Thanks

Hello Janerallsdancemanagement, thanks for adding your question to the QuickBooks Community. There have been a few queries on this thread. If you are referring to adding a training expense into QuickBooks Self Employed, the categories are set based on HMRC Self-Assessment form (see allowable/disallowable expenses in QuickBooks) currently therefore we have no plans to add the option to create your own categories. We do see you can claim as an allowable expense some training costs. We've included a help article on the existing categories, there is the option to record it under other business expenses if not other category is relevant. However, we'd always recommend as we are not trained accountants either confirming with an accountant or HMRC that they are happy with that. If HMRC confirm which box they want you to record the training expense under on the Self-assessment, you can use the guide included for allowable expenses to then add the transaction to the category that matches that box. We hope that clarifies how things currently stand.