Memorial Day Sale 90% OFF QuickBooks for 3 months.* Limited time only

Buy now & save
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.
ccolmenaresrn
Level 1

How to create an account "Wages"

 
1 Comment 1
ShangY
QuickBooks Team

How to create an account "Wages"

Currently, the option to  create a specific "Wages" account for QuickBooks Self-Employed is unavailable since it does not have a Chart of accounts feature, @ccolmenaresrn. But we have another method where you can still track your wages. I'll guide you though the steps.
 

We can add a transaction and a choose the right category for your transaction. Here's how:
 

  1. Go to the Transactions tab from the main menu.
  2. On the right-hand side, click on the Add transaction button.
  3. Fill in the details in the Add transaction window, including the transaction's description and amount related to wages.
  4. For categorizing the transaction, options like "Commissions and Fees" or "Contract Labor" may be suitable. However, I suggest consulting with your accountant to choose the most accurate category to avoid discrepancies.
  5. Click Save to record the transaction.

For additional guidance on categorizing transactions, refer to these articles.
 

If you are looking for more detailed accounting features, such as creating specific accounts for Wages consider upgrading to QuickBooks Online, which includes a Chart of Accounts.
 

Furthermore, if you need to download your transactions and generate reports, you check this resource: Export transactions and get reports in QuickBooks Self-Employed  for future reference.
 

Please remember, our forum is always available for you to ask questions or seek assistance. My team and I are here to support you in managing your transactions effectively within the program. Have a good one!

Need QuickBooks guidance?
Log in to access expert advice and community support instantly.

Need to get in touch?

Contact us