I run a Chiropractic office and I am trying to see how to show insurance that was billed out and what was actually paid. In order to show a loss. Same as with a settlement what we billed out and what was actually paid.
Hi there, @PrecisionChiro1022.
I can share with you some insights on how transactions can be entered and get paid in QuickBooks Self-Employed.
If you connect your accounts into your QuickBooks Self-Employed, it will automatically enters your recent transactions, and categorizes them for you.
To do that:
However, you also have the option to enter your transactions manually. All you have to do is to add the transaction and select the correct category.
This can be done by following the steps below:
I've added some references below that you can visit for complete details about this procedure and on how can this be done if you're on a mobile app:
This should get you covered today, PrecisionChiro1022.
If you need further assistance in performing the steps, you may get in touch with our Customer Care Team for proper guidance.
Of course, I'm still here to lend a helping hand if there's anything else you need about this. Just leave a reply below and we'll take it from there. Have a good one!
Currently, QuickBooks Self-Employed has income and expense categories only. Thus, recording a loss is unavailable. You'll want to consult your accountant on how to properly record this.
Feel free to read this article for more information about: Category types: Income and expenses.
You can also visit our page for future reference regarding: QuickBooks Self-Employed.
Meanwhile, please check our other products that let you track loss transactions. Here's the link: https://quickbooks.intuit.com/pricing/.
Get back to me if you have additional questions. I'll drop-by as soon as possible.