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Hi @stephenobana,
I've got you covered on your query about categories under the Loan Principal account.
Both the Business loan and Mortgage categories you mentioned are correct, and indeed under Loan Principal. The other category you missed is Vehicle loan.
Take a look at this article for a complete list of expense categories and how they appear in the Profit and Loss report: QuickBooks Self-Employed Schedule C Categories breakdown.
Feel free to post a reply if you have other questions. I'll be sure to get back to you.
Hi @stephenobana,
I've got you covered on your query about categories under the Loan Principal account.
Both the Business loan and Mortgage categories you mentioned are correct, and indeed under Loan Principal. The other category you missed is Vehicle loan.
Take a look at this article for a complete list of expense categories and how they appear in the Profit and Loss report: QuickBooks Self-Employed Schedule C Categories breakdown.
Feel free to post a reply if you have other questions. I'll be sure to get back to you.
Ty this resolved it! i was also able to the complete sum categories by "viewing" (as opposed to downloading) the profit and loss report which allows me to click on the individual category sums and shows me whats all include which was very helpful. Also on this list here (https://quickbooks.intuit.com/learn-support/en-us/business-assets/quickbooks-self-employed-schedule-...) under vehicle loan it says its included under "vehicle deduction" which was initially frustrating since it was directing me to the wrong place. Thanks so much for your help and attention!
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