Uncategorised expenses used to be labelled personal or business depending on which way you swipe but now it doesn’t say which is which

Hello there, Yegreenmen. In QuickBooks Sole Trader Plus, we now have a Chart of Accounts, giving more control over how transactions are categorised.

The personal purchases made using a business bank account are documented as expenses incurred by the business, and their categorization will depend on your business structure. Therefore, we recommend consulting your accountant for guidance.

For more detailed steps on how to record personal expenses paid from a business account in QuickBooks, you can refer to this article: Pay for personal expenses from a business credit card or bank account. Although this article refers mainly to QuickBooks Online, the same principles apply to your QuickBooks Sole Trader Plus account.
 

Let us know anytime below for any other queries.