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westcoastfloorde
Level 1

How can I change the transaction to a deduction rather than deposit? I have lots of transactions like gas and supplies that show as a deposit rather than deduction.

 
1 Comment 1
MaryAnn_E
QuickBooks Team

How can I change the transaction to a deduction rather than deposit? I have lots of transactions like gas and supplies that show as a deposit rather than deduction.

Hi there, @westcoastfloorde.

 

 

In QuickBooks, you can categorize this type of transaction under Schedule C: Other business expenses. Also, I'd suggest consulting with an accountant so you'll be assisted properly in claiming your self-employed related deductions.

 

For the moment, what you can do though is choose the closest category available for your transactions. To add a deduction, here's what you'll need to do:

 

  1. On your QBSE account, click Transactions in the left menu. 
  2. Pick Add transaction at the upper right hand. 
  3. Enter the necessary information. 
  4. Select a category
  5.  Once done, hit Save.

 

You can check this article for guidance on what category to use: Categories in QuickBooks Self-Employed.

 

Feel free to click the Reply button if you have other questions about recording your transactions in QuickBooks. I'm always here to help.

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