cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Everything you need to know about banking in QuickBooks Online - Discover more
NickyO
Level 1

What category do I place an item I bought that is not tax deductible?

I have quickbooks self-employed in the UK.  I buy lots of books which are not an allowable expense tax purposes.  I want to record them as an expense so I know how much I am spending on them, but I don't want them to come up as an allowable expense.  What category should I mark them as when I log them as transactions?  

 

Many thanks. 

1 REPLY 1
GeorgiaC
QuickBooks Team

What category do I place an item I bought that is not tax deductible?

Hello and welcome to the Community, NickyO

 

We're unable to advise on the specific category to apply to a transaction in this scenario as it falls under accountancy advice. 

 

For best practice, and to ensure your taxes are reported accurately, please seek support from your bookkeeper or accountant. If you're looking for a local accountant near you, check out our online directory of QuickBooks certified professionals.

 

You can also refer to our online guides for further information on allowable and disallowable expenses in QuickBooks Self-Employed.

Need to get in touch?

Contact us