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SLMI
Level 1

Expenses

Hi All!! 

 

I am a new small business owner (June 2019) I have some expenses that I have from my personal checking account that I need to add into QBO.  I'm a little confused as to how to record that.  

 

 

Solved
Best answer March 23, 2020

Best Answers
MaryLurleenM
Moderator

Expenses

Good day, SLMI,

 

In QuickBooks Self-Employed, we only track business expenses or data to calculate your self-employed taxes.

 

As for personal expenses, you can still record it in QBSE, and tag as Personal. It will not affect how we calculate your estimated taxes.

 

Here's how:

  1. On the Transactions page, click Add transaction.
  2. Enter transaction detail.
  3. Make sure to select Personal on the category.
  4. Click Save.

Learn more about QuickBooks Self-Employed with these articles:

Let me know if you have additional questions.

View solution in original post

1 Comment
MaryLurleenM
Moderator

Expenses

Good day, SLMI,

 

In QuickBooks Self-Employed, we only track business expenses or data to calculate your self-employed taxes.

 

As for personal expenses, you can still record it in QBSE, and tag as Personal. It will not affect how we calculate your estimated taxes.

 

Here's how:

  1. On the Transactions page, click Add transaction.
  2. Enter transaction detail.
  3. Make sure to select Personal on the category.
  4. Click Save.

Learn more about QuickBooks Self-Employed with these articles:

Let me know if you have additional questions.

View solution in original post

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