Do I need to enter my home office expense as a transaction each month? I entered the sq. footage of my home office and saved it in quickbooks. Thanks
Yes, you can enter your home office expenses as a transaction each month. I'm happy to add more details about handling home office expenses in QuickBooks Self-Employed.
Are you trying to enter them in bulk (utilities, taxes and other expenses combined)? You're able to do this but we don't recommend it. You might not be able to track your expenses properly and this will likely affect how the estimated taxes are calculated.
We recommend categorizing your home office expenses separately (whether they're manually added or downloaded from the bank feeds). I see that you've already set up the footage of your home office. To categorize them:
Go to the Transactions page.
Under the Transactions list, find and click the home office expense.
Change or correct the category CATEGORY AND TAGS.
If you're manually adding your transactions, click the Add transaction button instead.
Enter the details of the expense, then click Save.