I wish to add an account for entries such as cash that is not connected to a bank. Can I add a separate account?

pulpwriter55 · ‎December 10, 2019

MariaSoledadG · ‎December 10, 2019

Hi pulpwriter55,

At this time, you'll need to connect your bank so you can add an account in QuickBooks Self-Employed (QBSE).

However, if you don't want it connected, you can manually add the transactions and this would automatically be recorded under the Cash account. You can use the tagging feature so you'll be able to tag and identify each transactions.

Here's how:

Click the Gear icon.
Choose Labs.
Select Tagging.
Toggle the Turn it On button.
Click on Add Tags on the Transactions page.
Enter what tag information you want.
Click Save.

I have these articles in case you have other questions about banking:

Feel free to let me know if you need anything else. I'm always here to help you.

View solution in original post

Rustler · ‎December 10, 2019

Not in QBSE, it is so very basic there are no options

QBSE does not allow for any new accounts (categories) to be created
QBSE does not have sales receipts, only invoices
QBSE does not allow for journal entries
QBSE does not have the class function
QBSE does not do recurring transactions
QBSE does not keep a customer or job listing
QBSE does not have a balance sheet so you can not enter the cost or the depreciation for a car/equipment
QBSE does not do inventory or cost of goods sold
QBSE can not do payroll
QBSE does not do any associated IRS forms, like home office deductions or depreciation
QBSE will not accept a banking file formatted as .qbo (a standard intuit type of file)

QBSE does not do sales tax either (not schedule C related but critical to a business)

MariaSoledadG · ‎December 10, 2019

Hi pulpwriter55,

At this time, you'll need to connect your bank so you can add an account in QuickBooks Self-Employed (QBSE).

However, if you don't want it connected, you can manually add the transactions and this would automatically be recorded under the Cash account. You can use the tagging feature so you'll be able to tag and identify each transactions.

Here's how:

Click the Gear icon.
Choose Labs.
Select Tagging.
Toggle the Turn it On button.
Click on Add Tags on the Transactions page.
Enter what tag information you want.
Click Save.

I have these articles in case you have other questions about banking:

Feel free to let me know if you need anything else. I'm always here to help you.

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I wish to add an account for entries such as cash that is not connected to a bank. Can I add a separate account?