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Category for Continuing Studies & Professional Development

Forum|Forum|2 years ago
February 27, 2024
1 reply
3 views

Hi, I just signed up for a continuing studies course to learn and develop skills. I thought it would be simple to figure out how to account for this on QBO, but I can't seem to find how to input this into a category. Could I get help on where/how I can account for such an expense? Thank you.

QuickBooks Online

Best answer by JoanaC

Hi there, S-Sessions. Thank you for your quick response on the thread.

I see that my colleague shared the steps for creating the category. Let me share some additional information on creating an expense category.

We can put this under expense or other expense. I recommend seeking advice from your accountant regarding how to accurately record this expense transaction .

Moreover, you can visit this article for more details on creating a category:

Enter and manage expenses in QuickBooks Online.

Let me share some articles that can help you manage your charts of account in the near future:

If you still have concerns about expense category, you can always reply on the thread or create a new post. Have a good one.

K

KimberlyS

Moderator

Hello there, S-Sessions.

I'll add steps to help you account for Continuing Studies & Professional Development in the software.

In QuickBooks Online, you can add an account to your chart of accounts if you need to track other types of transactions. However, I recommend contacting an accountant for advice about the appropriate account or categories.

Here's how:

Head to the Gear icon.
Select Chart of accounts, then New.

Depending on your account view, you'll see a panel labeled New account or New category. You can review this article for the detailed process: Add an account to your chart of accounts in QuickBooks Online.

On the other hand, you can either create checks, expenses, or bills if you want to add expense transactions. To learn which method fits your business needs, you can visit this material: Learn the difference between bills, checks, and expenses in QuickBooks Online.

Moreover, consider reviewing these resources to help you gather data regarding the different aspects of your business:

Don't hesitate to click the Reply button if you have additional questions when adding an expense account or transaction and other related concerns in QuickBooks Online. We're always here to lend a hand.

S

S-SessionsAuthor

Hi, thank you for responding. Unfortunately, this did not help me much because when I go to chart of accounts to add a new one, there seems to be nothing under the drop down category of "save account under" that I can appropriately choose for continuing studies and professional development. How do I go about having this category to select so that I can record this particular expense accurately? Thank you.

J

JoanaC

Answer

QuickBooks Team

Hi there, S-Sessions. Thank you for your quick response on the thread.

I see that my colleague shared the steps for creating the category. Let me share some additional information on creating an expense category.

We can put this under expense or other expense. I recommend seeking advice from your accountant regarding how to accurately record this expense transaction .

Moreover, you can visit this article for more details on creating a category:

Enter and manage expenses in QuickBooks Online.

Let me share some articles that can help you manage your charts of account in the near future:

If you still have concerns about expense category, you can always reply on the thread or create a new post. Have a good one.

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