My husband currently drives for Lyft, and I use QB Self Employed to track his mileage, expenses and income. It has worked well for several years. He has signed up, though, to also drive for Uber. Do I continue to use the same profile to track the mileage and expenses, or do I need to create a new account/profile? Or do I just tag the income from each separately? I'm just trying to figure out the best way to handle it. Thanks in advance!
It's nice to hear from you, Koda102.
Let me share some information about recording both Uber and Lyft in QuickBooks Self-Employed.
If you're only referring to tracking them in one QuickBooks Self-Employed account, you can record them separately and use the same information or different details (if necessary). To record, you can follow the steps below.
For additional details about mileage tracking in QBSE, you can read through these articles:
If you mean something else, please let me know. You can always visit here if you have other concerns or need further help with tracking mileage in the program. Take care and have a good one, Koda102.
Thanks for the response! So, if I'm understanding correctly, even though Lyft and Uber are 2 different companies, the totals are combined on the single Schedule C come tax time correct? I just want to ensure I don't have to separate the mileage, expenses and profit for tax time.
Hey there, Koda1021.
To answer your question, yes, you're correct. The totals are combined on a single Schedule C.
You just need to ensure you're recording all the expenses related to your driving activity and no personal expenses are included.
You can visit the following write-up regarding how Schedule C categories show up on your financial reports: Schedule C and expense categories in QuickBooks Self-Employed.
If there's anything else you need, please let me know. I'd be more than willing to lend you a hand.