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laetushomes-outl
Level 1

What category do I list my tools in for transactions

 
1 REPLY 1
MariaSoledadG
QuickBooks Team

What category do I list my tools in for transactions

Let's make sure you'll be able to categorise your transactions in QuickBooks Self-Employed (QBSE), laetushomes-outl.

 

Once you categorise, QuickBooks puts your transactions on the correct line of your Schedule C. This organises your income and expenses so you know what areas of your self-employed business have the biggest impact. To know the list of categories, you'll want to check out the SA103F deduction categories. After that, you may now correctly categorise transactions. Follow the steps below on how to do it:

  1. Go to the Transactions menu.
  2. Find a transaction on the list.
  3. Select Business if the transaction was for business, or select Personal for personal. If the transaction was both, select Split.
  4. Review the category in the Category column. QuickBooks tries to categorise transactions for you.
  5. If you need to change the category, select the category link. Select a general type, and choose a more detailed category.
  6. When you're done, select Save.

 

For your reference, here's an overview of everything that you can do with QuickBooks Self-Employed: QuickBooks Self-Employed Overview

 

Let me know if you have any questions about your category. Remember, I'm always right here to help.

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