Hi there, info1160. If the transactions are already transferred to your bank that is connected to QuickBooks Self-Employed, you can categorize them from there. I'll show you how to categorize a transaction in QBSE. Here's how: Click on the Transaction menu. Locate those transactions on the list. Select Business if the transaction was for business, or select Personal for personal. If the transaction was both, select Split. Review the category in the Category column. QuickBooks tries to categorize transactions for you. If you need to change the category, select the category link. Select a general type, and choose a more detailed category. Select Save.You can learn more details about categorizing transactions in QBSE in this article. I'm adding some links on how to customize categories and updates to expense categories for your reference: Custom categories in QuickBooks Self-Employed Updates to expense categories in QuickBooks Self-EmployedIf you have any additional questions or concerns, please don't hesitate to add a comment below.

New Member

Question

How to categorize fiverr.com and freelancer.com services?

Forum|Forum|6 years ago
July 12, 2020
5 replies
80 views

No text available

QuickBooks Self-Employed

L

lin_jcaj

Level 9

Hi there, info1160.

If the transactions are already transferred to your bank that is connected to QuickBooks Self-Employed, you can categorize them from there. I'll show you how to categorize a transaction in QBSE.

Here's how:

Click on the Transaction menu.
Locate those transactions on the list.
Select Business if the transaction was for business, or select Personal for personal. If the transaction was both, select Split.
Review the category in the Category column. QuickBooks tries to categorize transactions for you.
If you need to change the category, select the category link. Select a general type, and choose a more detailed category.
Select Save.

You can learn more details about categorizing transactions in QBSE in this article.

I'm adding some links on how to customize categories and updates to expense categories for your reference:

If you have any additional questions or concerns, please don't hesitate to add a comment below.

I

info1160Author

New Member

Please take a look at this link:

https://forum.fiverr.com/t/tax-forms-and-fiverr/263835

How do I create a a category for "third party settlement". As per fiverr we are not required to send 1099s to the individual freelancers. For schedule C, they suggest using "third party settlement" for the expenses.

C

Charies_M

Level 9

I appreciate you coming back to us, info1160.

The categories available in QuickBooks Self-Employed (QBSE) are aligned with the categories found in the 1040 Schedule C form. You can refer to this article about Schedule C and expense categories in QBSE for the list of categories that best fits to third party settlement.

To make sure the categories you used are accurate, I suggest reaching out to your accountant to seek professional advice. Or, you can post your questions here. There are available experts who can share their best practices with you.

I can see the importance of being able to customize a category in QBSE. In line with this, our product developers are working on expanding the ability to manage categories by creating an option to customize your own categories.

While this is not yet available, you can regularly visit this article where we provide updates regarding the progress of this project: Custom categories in QuickBooks Self-Employed.

If there's anything I can help you with, feel free to drop me a reply below. Hope you have a good one.

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