HOA fees, What category do I use?

Hello there, @burnshomeandrepa.

Perhaps, are you referring to your Home Office -related expenses? 

You can either use Equipment rent and lease or Home Office Rent & Lease. For more information about categories.

Although, I'd always suggest reaching out to your tax adviser on the best way to categorize the fee. You can refer to this link here to check the categories in QuickBooks Self-Employed.

Also, I’m adding this article about Schedule C Categories breakdown to help you with different expense categories. 

If you have any other questions in QuickBooks, leave a comment below. I'll be around to help.

I mean Homeowners Association Fees I can't find it on the categories breakdown.

Hello, @burnshomeandrepa.

As for now, the available and updated categories that can suit any transaction in QuickBooks Self-Employed are shown in Schedule C Categories breakdown. Most of them were renamed so it’s easier to identify where your expenses belong. 

While we're not able to provide which expense category to use for a specific transaction, you may want to refer to this article to learn more: Other business expenses.

Given all the information, I'd still advise you to seek guidance with your accountant to handle this kind of situation.

If you need further assistance with QBSE categories, please leave a comment below. I am here to help. Take care!

HOA = Homeowner's Association Fees are usually a personal vs. business expense so not a normal category.

Not entirely true. TurboTax applies them to my home office at the same percentage as all other split fees (Electricity, water, etc.)

this robo response does not remotely address the question. triple thumbs down!

Enter NEW- Name it Real Estate Dues - HOA

For a seemingly easy question, I just can't find the answer. And from the link you provided, I can't find either the old or new name from QB Online:

Home Office Other Expenses | New name: Other home office expenses

What's msissing? 

Hello, Henry. Thank you for taking part in the thread. I'm here to share some clarification to end your confusion.

The Other home office expenses category is applicable in QuickBooks Self-Employed (QBSE). If you're using QuickBooks Online, you can see a different name for the expense category. Refer to the screenshots below.

In QuickBooks Self-Employed:
 

In QuickBooks Online:

You'll want to visit this article to learn more about the expense category in QuickBooks Online: Group your products and services into different categories.

Don't hesitate to click the Reply button if you have other questions about expense categories. I'll be around to help. Stay safe, and have a good one!

Hello, while I appreciate your response, but the screenshot you showed (Home Office) doesn't seem to be available on my QB Online account. I noticed that the sample you linked is wtih products and services, while I am trying to use the category for Expneses. Also I am using QuickBooks Simple Start as I know you charge differently for different levels of QB  products. I just wish your products are simpler to use.

Hi there, henry-x-zhao-. I've come to provide information about your concern.

QuickBooks Self-Employed (QBSE) and QuickBooks Online (QBO) are two different software. The Other home office expense account is only available if you're using QBSE. In QBO, you can add an account for home office expenses. To do so, you can follow these steps:

1. In your QBO account, go to the Gear icon.
2. Select Chart of Accounts.
3. Next, select New.
4. Choose an account type for the expense.
5. Then, select the detail type that best fits the transactions you want to track in the Detail Type dropdown.
6. Enter an account name.
7. When done, click Save and Close.

To get more information about the process, check out this article: Add an account to your chart of accounts in QuickBooks Online. It also provides instructions on how you can add parents and subaccounts. 

Additionally, I've added an article that'll help you learn more about the maximum number of accounts or users you can have at one time in QuickBooks: Usage Limits.

Please add a reply below if you have any other concerns about expense accounts in QBO. I'll be always here to assist you further. Have a good one. 

Yes, but since they are personal expenses that the company is reimbursing you for that level of detail need not be recorded on company books. Technically, you are billing your company for "Home Office Rent Expenses."

That detail would be maintained on your personal books. That being said, it is also fine to split them up as you prefer and I assume you can just add a new account number if you like. May I assume your QB allows for that?

Hello,

My company just purchased a condo for our new office space.  The company owns the condo and pays the HOA fee directly.  Should we create an expense account for this? 

Should it be a sub account of the Long term Liability -> Mortgage account? 

Hi there, brooksw84.

Welcome to the QuickBooks Community. I can see that this post is tagged under QuickBooks Self-Employed. Choosing the right expense category for your entries ensures that you're able to record it in your books properly. Also, this guarantees that your taxes are accurately calculated especially for QBSE. With this, I'll ensure you can properly categorize the fee on your QuickBooks account.

There are different categories you can use in QBSE to manage your transactions. With this, when tracking the fees you paid to HOA, you may utilize this entry under commissions and fees. Here are the type of expenses included in this category:

• Referral/broker/selling fees
• Finder's fees
• Sales commissions
• Fees for legal referrals
• Fees for drop shippers
• Fees for online referrals
• Shared commissions (common in real estate)
• Commissions paid to managers and agents who are not employees

Furthermore, I suggest consulting an accountant. They'll be able to provide you with suggestions on how to properly handle your transactions, especially with the category or account to use for fees.

Lastly, you may refer to this article to see details on how QBSE is designed to help you record your self-employed income and expenses, track mileage, and prepare your Schedule C: QuickBooks Self-Employed Overview.

If you have any other follow-up questions, let me know by adding a comment below. I'm more than happy to help, brooksw84. Have a good one!

None of the accounts recommended below would be correct for HOA Dues. I see the person said they purchased a condo for an office. Many of the cost of HOA Dues would not be valid business expenses.