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Connect with and learn from others in the QuickBooks Community.
Join nowHello, dehliawagnervigi.
If what happened in real life, that's what you're going to enter in QuickBooks. Before doing so, I highly recommend consulting your accountant for further assistance with the process to ensure your books are accurate for your business.
Here's an article on everything you can do in QuickBooks Self-employed: QuickBooks Self-Employed Overview.
Also, QuickBooks Self-employed doesn't have a Payroll service. If you'll want to run payroll, I suggest upgrading to QuickBooks Online.
Just in case, I'll add this link for future reference on how to connect your bank and credit card accounts: Connect bank and credit card accounts to QuickBooks Self-Employed
If you have any other questions about tracking your employees' future payroll, let me know by adding a comment below. I'm more than happy to help. Keep safe!
thanks for the response. My bank account is connected to all things related to quick books. However when I go to "assign" a category to an expenditure the only thing I can find associated with payroll is contract labor and my employees are not contract they are full time employees.
Thanks for getting back to this thread, @dehliawagnervigi. Let me clarify things for you.
Once you input transactions into QuickBooks Self-Employed, you need to categorize them. This includes transactions you download from your online bank account or enter manually.
When you assign a category to an expenditure, I suggest having an opinion from your accountant. This is to ensure that your books are balanced and accurate.
In addition, let me attach these references to help you in categorizing transactions in QuickBooks Self-Employed:
Feel at ease to let me know if you have further concerns about assigning a category to your transactions in QuickBooks. I'll be happy to assist you again. Keep safe and enjoy the rest of the day.
I think they missed to address the most important information. You said you have full-time employees.
Quicbooks self-employed is not built for businesses with payroll.. you need QuickBooks Online with a payroll service add-on.
Contact a rep and ask for help to start over
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