For the last few weeks my Qb estimated quarterly tax was around $56 however I added new receipts to my books and the tax went to $0. I have spent more than I’ve made in the first few months of my business. Does that seem correct?

Corrected- I have made about $2000, spent about $1000 in business experiences. So spent half of what I made. 

Hello, Brittany. 

I appreciate the clarifications about the income and expenses. I'll add some details to help you ensure your estimated taxes are correctly calculated in Self-Employed. 

QuickBooks will automatically adjust your quarterly taxes as you enter and categorize your business income and expenses.

Just make sure you have all of your business transactions properly categorized in Self-Employed. 

You'll also want to ensure that the dates of your transactions are correctly entered (for manually added business transactions).

You can edit them on the Transactions menu if needed. Simply select a transaction, edit the date, then click Save. 

If you're unsure about your tax calculations, you can always seek a tax adviser. They'll help you ensure your estimated taxes are correctly calculated in QuickBooks. 

You can also use this article for a reference in managing your estimated taxes: How QuickBooks Self-Employed tracks self-employment taxes.

If you're ready to pay your estimated taxes, this article can guide you through the process: Pay federal estimated quarterly taxes in QuickBooks Self-Employed.

Do you have more questions about managing your transactions or estimated taxes in Self-Employed? Please let me know the details below. I'll get back to you to help you out.