Why don't my yearly totals for business spending match up with my Total Business Expenses in my reports?

Hi 6023mann,

Let's ensure that the transactions are categorized correctly to fix the discrepancy issue. 

Here's how:

1. Click the Transactions tab.
2. Locate the transactions.
3. Select either Business or Personal.
4. Click Save.

You may use your bank statement as a reference in categorizing transactions.

Moreover, you can check this article as your guide in reporting self-employed income and expenses: Schedule C and expense categories.

Keep me posted whenever you have concerns about categorizing bank transactions.

Thanks for the response, but that doesn't really address my situation. As described, I've categorized my transactions (as business and personal), but the end of year Expenses report doesn't include a number of Spending categories, like:

So I'm trying to understand why this is the case?

I understand you've categorized transactions properly, @6023mann. Let's go over some information and steps to handle this matter.

Let's start by addressing the differences between the Business Spending at the top of the Transactions page and the Total Business Expenses in the report. The expenses on the Transactions page are based on your bank transactions, downloaded or manually entered. On the other hand, the Expenses section of the report sums up the total expenditures of your business alone. You'll want to review the period to get the correct comparison amounts.

The report should show the different categories you shared above. We can perform some troubleshooting steps to verify if this is the browser's issue. Use these keyboard shortcuts:

• For Firefox, press Ctrl + Shift + P
• For Chrome, press Ctrl + Shift + N
• For Safari, hold down Command + Shift + N

If this works, clear the browser's cache to start with a clean slate. You can also use other supported browsers as alternatives.

Furthermore, please know that the ones you generated also affect the categories shown. Here's an article to learn how Schedule C categories appear on Expense Category, Profit & Loss, Tax Summary, and Tax Details report.

To stay on top of your taxes, check out this reference: QuickBooks Self-Employed Annual Tax Guide.

Feel free to leave a comment below and tag my name if you have additional questions about your reports. I'll be here to help you. Stay safe!

Thanks for the response Jamaica, but I'm afraid your suggestions didn't help. My Business Expenses (from the Business and personal expenses report) has the following categories:

We appreciate you getting back here in the thread, @6023mann. We'll point you in the right direction to help you fix the discrepancies inside your QuickBooks Self-Employed (QBSE).

Before anything else, know that we can see the urgency of this matter and that this isn't the experience we want you to have when using the program. Since the issue persists even after performing some basic browser troubleshooting, we recommend contacting our Customer Care Team. This way, they can check your account in a secure environment and conduct further investigation to determine the root cause of the problem. We'll write down the steps to get you going:

1. Go to Help (?) and select Contact Us.
2. Note: If you’re using the QuickBooks Self-Employed app, tap the + button and select Ask QB Assistant.
3. Enter “talk to a human”, then select Continue.
4. Select which way you want to connect with us.

• Have us call you - Get a call from a support expert.
• Chat with us - Start a conversation with a support expert.

See this page for more details: Contact QuickBooks Self-Employed Support.

In addition, here's an article to give you insights about the new expense categories inside QBSE: Updates to expense categories in QuickBooks Self-Employed.

Please let us know if you need further assistance managing expenses or performing tasks inside the program. We'll make sure to be around to help you out again. Stay safe, and have a good one.