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Matt86
February 23, 2019
Question

Is there a way to generate a Schedule C using Quickbooks Online?I am not using the self-employed version due to 3rd party application support requiring QBO.

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    3 replies

    Rustler
    Rustler
    Level 15
    February 24, 2019

    create a schedule C directly no

     

    but if you organize the chart of accounts to match the schedule C, then the P&L will make it easy to transfer the numbers

      Matt86Author
      February 25, 2019

      Thank you this is my first time doing taxes as a single member llc and it is nerve wracking trying to figure all the details out.

       

      So basically I just need to run a P&L from 1/18 - 12/18 and copy everything over. Are there any other reports I need to refer to as well for lines on a schedule C?

       

      Thanks again!

        Kristine Mae
        Kristine MaeModerator
        Moderator
        February 25, 2019

        Hello, Matt86.

         

        The Schedule C form allows you to report the income you've generated or lost in your business to the IRS. You can get this information in the Profit and Loss report. You no longer need to open other reports. 

         

        As what Rustler provided, if you've organized the chart of accounts to match the schedule C, then the report will provide you the correct numbers.

         

        Get back to us if you need more help. Have a good day! 

         

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