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Level 2

How Do I categorize 3D printing services for prototyping as a business expense? Does it go under materials & labor?

 
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Best answer July 12, 2020

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QuickBooks Team

How Do I categorize 3D printing services for prototyping as a business expense? Does it go under materials & labor?

It’s nice to see you today in the Community, info1160.


The QuickBooks Self-Employed program app can help in tracking and classifying business-related- transactions. Based on the details shared, you can consider choosing Materials & Supplies category.


This is used to categorize items you buy and then sell or use to make the products you sell such as raw materials, packaging, shipping, etc. However, if the description or category type doesn’t fit, I suggest consulting with an accountant.


They can provide recommendations on which specific Schedule C and expense categories. This is to ensure the tax return’s information is correct.


Check out the Schedule C and expense categories in QuickBooks Self-Employed article for additional resources. This will guide you on which type to use when classifying items or services for each category.


Keep in touch if you need assistance while working in QBSE. Please know I’m always ready to help and make sure you’re taken care of. Have a great rest of the week.

View solution in original post

1 Comment
QuickBooks Team

How Do I categorize 3D printing services for prototyping as a business expense? Does it go under materials & labor?

It’s nice to see you today in the Community, info1160.


The QuickBooks Self-Employed program app can help in tracking and classifying business-related- transactions. Based on the details shared, you can consider choosing Materials & Supplies category.


This is used to categorize items you buy and then sell or use to make the products you sell such as raw materials, packaging, shipping, etc. However, if the description or category type doesn’t fit, I suggest consulting with an accountant.


They can provide recommendations on which specific Schedule C and expense categories. This is to ensure the tax return’s information is correct.


Check out the Schedule C and expense categories in QuickBooks Self-Employed article for additional resources. This will guide you on which type to use when classifying items or services for each category.


Keep in touch if you need assistance while working in QBSE. Please know I’m always ready to help and make sure you’re taken care of. Have a great rest of the week.

View solution in original post

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