Welcome to the Community, Gt3xllc. It's great to see you're taking steps to manage your business finances using QuickBooks Self-Employed (QBSE). To answer your question, yes, you would categorize your income under Sales in QBSE.
The Sales tab is used to track revenue generated from the sale of goods or services. This is essential for understanding your business’s financial performance and ensuring accurate tax reporting. By categorizing your income correctly, you can keep an organized record of your earnings. Follow these steps to categorize them:
- Navigate to the Transactions menu.
- Find a transaction on the list.
- Select Business if the transaction was for business, or select Personal if not. If the transaction was both, select Split.
- Review the category in the Category column.
- If you need to change the category, select the category link. Select a general type, and choose a more detailed category.
- When you're done, select Save.
You can also visit this resource to see different information on how QBSE tracks your business income: QuickBooks Self-Employed Overview.
Furthermore, you can also run a report to know your business’s profit and financial health: Export transactions and get reports in QuickBooks Self-Employed
If you have any further questions or need additional help as you get started with QuickBooks, don’t hesitate to reach out through the thread. The QuickBooks Community is here to support you every step of the way.
