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joi-barkley
Level 1

How do I add categories (main categories and sub categories) so that I can assign expenses and income that comes in from my bank account to these categories?

 
5 Comments
Catherine_B
QuickBooks Team

How do I add categories (main categories and sub categories) so that I can assign expenses and income that comes in from my bank account to these categories?

You can create new accounts and sub-accounts to categorize income and expenses, joi-barkley. 

 

Here are the easy steps to create a main (parent) account: 

  1. On the left navigation menu, select Accounting and choose Chart of Accounts
  2. At the upper-right corner, click the New button. 
  3. Enter the Bank Type, Detail Type, and Name
  4. Since this is a parent account, leave the Is sub-account checkbox as is. 
  5. You have an option to enter an opening Balance and the as of date of the balance. 
  6. Once done, click Save and Close

To add a sub-account to a parent account, follow steps 1-4 given above. After, check the Is sub-account box. From the Enter parent account drop-down, select the sub-account's parent account

 

You'll also want to read through this article that will help you manage downloaded bank transactions to the new account you created: Assign, Categorize, Edit, And Add Your Downloaded Banking Transactions

 

Let me know if you have further questions. I'd be glad to help you!

MBS2
Level 1

How do I add categories (main categories and sub categories) so that I can assign expenses and income that comes in from my bank account to these categories?

I dont have a accounting tab on left hand side.  Is that because I am using "Self employed" QB?

JonpriL
Moderator

How do I add categories (main categories and sub categories) so that I can assign expenses and income that comes in from my bank account to these categories?

You're absolutely correct, @MBS2!

 

There is no Accounting tab when you're accessing QuickBooks Self-Employed.

 

If you're categorizing your transactions in your QuickBooks Self-Employed account, here's how:

  1. Go to the Transactions page.
  2. Find a transactions you want to categorize.
  3. Select Personal or Business under the TYPE column.
  4. For the Business type, choose a specific category under the CATEGORY column.

This way, you'll be able to categorize your transactions.

 

I've attached an article you can read to learn more about the steps above: Category Types - Income and Expenses.

 

However, if you have QuickBooks Online (QBO) account, then you're categorizing your banking transactions, you'll have to access your account on the login page. And then follow the steps provided in this article as your reference: Assign, Categorize, Edit, and Add your Downloaded Banking Transactions.

 

Feel free to leave a comment below if you have any other questions or referring to something else. It'll be always my pleasure to help.

WorldPeace2018
Level 1

How do I add categories (main categories and sub categories) so that I can assign expenses and income that comes in from my bank account to these categories?

I Dont have ”Accounting”  to choose from 

i have 

home

transactions

miles

taxes

reports

invoices 

Rose-A
Moderator

How do I add categories (main categories and sub categories) so that I can assign expenses and income that comes in from my bank account to these categories?

Welcome to the Community, WorldPeace2018.

 

Are you trying to categorize your transactions as well using QuickBooks Self-Employed? If so, you can follow the steps below.

 

  1. Go to the Transactions page.
  2. Find the transactions you want to categorize.
  3. Select Personal or Business under the TYPE column.
  4. For the Business type, choose a specific category under the CATEGORY column.

I'm leaving you some resources to learn more about managing and categorizing your transactions:

 

If you're referring to something else, please let me know. I'll zip right back to help you out.

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