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mrines19
Level 1

QuickBooks Self Employed - Recording Banking Transactions With Imported Invoices

Hi there! I'm hoping someone can help me solve a problem. I have QB Self Employed. I use HoneyBook to process invoice and collect payments. In QB SE I have the net deposit showing and I've entered transactions to account for the bank fees.  But now my problem is the gross sale isn't showing (obviously I haven't entered it). Do I need to create invoices for each transaction then match the deposit so that the gross can be correct?  

 

Is there an easier way to do it?

 

Thank you!

1 Comment 1
JenoP
QuickBooks Team

QuickBooks Self Employed - Recording Banking Transactions With Imported Invoices

I'll help with your invoices and customer payments in QBSE,  mrines19.

 

QuickBooks Self-Employed works a little different when it comes to managing invoices. The invoicing feature is only used to create the transaction, sending it out to your customers, and collecting payments.

 

Even if an invoice is already entered in the system, it will not be counted as part of your sales or income. The program will only include the transactions that are categorized as business transactions.

 

You can manually enter the gross sales in Transaction menu instead. Then, categorize it as an income so it will be counted accordingly. Here's how:

 

  1. Go to the Transactions menu and click Add Transaction.
  2. Enter all the details and amount of the transaction.
  3. Select the correct category and click Save.

You'll also want to run your Profit and Loss report to check if the income amount is already correct. Just go to the Reports menu and look for Profit and Loss.

 

The Community is always here if you need anything else. 

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