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How can I enter an invoice with income, seller fees, postage and consignment payout in one transaction versus 4 times to account for both income and expenditures

 
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How can I enter an invoice with income, seller fees, postage and consignment payout in one transaction versus 4 times to account for both income and expenditures

Hi there, salesandmarketin.

 

I appreciate your efforts in reaching out here for help. 

 

In QuickBooks Self-Employed, the ability to categorize for both income and expense in one invoice transaction is unavailable. You'll have to enter them separately in QuickBooks to properly account for them.

 

You'll want to create and use rules to quickly categorize your transactions. Here's how:

 

  1. Go to Settings and select Rules.
  2. Click Create Rule.
  3. In the Description field, enter the customer or vendor you'll want to create the rule for.
  4. From the Account drop-down, select the account.
  5. From the Type drop-down, select Business, Personal, or Split.
  6. Put a checkmark to the Also apply to past transactions box if you want the rule to apply to transactions you've categorized.
  7. Click Save.

You can learn additional information on creating rules in this article: Create rules to speed up reviews in QuickBooks Self-Employed.

 

Creating your new rules in QuickBooks applies to all future transactions.

 

Please let me know if there's anything else I can do to help.

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