How do I handle a loan payments for a computer?

Welcome to the Community, @twohawksfly-intu.

Allow me to shed some light on categorizing loan payments in QuickBooks Self-Employed (QBSE). 

Before anything else, I recommend consulting an accountant to ensure your transactions are documented accurately. If you need help in finding one, you can use our tool to locate a nearby professional.

To record your loan payments for your newly purchased computer, you can simply select the Other business expenses category. I'll guide you on how.

1. Open your QBSE account.
2. On the left navigation panel, click Transactions.
3. Click the Add transaction button.
4. Enter the necessary details including the date, description, and amount.
5. Click Select a category.
6. Type Other business expenses. Then, select it.
7. Hit Save.

Just take note that you'll need to repeat the process every time you create a payment for the loan. This way, QuickBooks will automatically put your transactions on the correct line of your Schedule C. 

For more information on the different Schedule C categories, you can check out this article: Schedule C and expense categories in QuickBooks Self-Employed.

For future use, here's an article on how QBSE helps you estimate your federal tax payments: Automatically estimate your income tax in QuickBooks Self-Employed.

Please feel free to leave a reply if you have any other questions about recording your transactions in QBSE. I'll be around to help out.

Thanks for the reply! I found a category called "Business loan" for these payments (I'm cash basis). Is there any preference between that category and "Other business expense"?