Thank you for contacting us about the issue with your business expenses showing as disallowable in QuickBooks Self-Employed (QBSE), Chloe. We're here to help you understand why this might be happening and guide you on how to resolve it.
Disallowable expenses in QuickBooks are typically those that cannot be deducted from your business income for tax purposes. However, if you see legitimate business expenses like software and product purchases marked as disallowable, it might be due to how they are categorised.
Ensure that these expenses are correctly categorised as business expenses. In QuickBooks Self-Employed, you can categorise transactions as "Other Business Expenses" or more specific categories like "Software" or "Supplies." If these are correctly classified, they should appear as allowable expenses.
Also, double-check each transaction to ensure it is marked as a business expense. Sometimes, transactions might be incorrectly marked as personal or disallowable.
If the same expenses were allowable in the previous year, it's possible that there was a change in how QuickBooks categorises certain expenses or an update in the system that affected this. You can review any system updates or changes in your categorization practices.
If you're unsure, consulting with an accountant can help ensure expenses are correctly categorised for tax purposes.
Thank you for your patience and understanding. If you have any more questions or need further assistance, please don't hesitate to contact us. We're here to help you manage your finances efficiently.
